Michael Saylor's strategic investment firm Strategy has resumed purchasing Bitcoin (BTC) after a brief pause. The company, which acquired 22,048 BTC last month, has strengthened its position as the largest institutional holder by raising its total holdings to 528,185 BTC.
According to SaylorTracker, Strategy is recording approximately 24% in investment returns, which translates to unrealized profits of around $8.6 billion (approximately 12.56 trillion won). Considering the recent Bitcoin price drop below $80,000, the company appears to be using market corrections as a buying opportunity. These purchasing moves are also drawing attention as an indicator of potential institutional demand for BTC.
The cryptocurrency market is currently experiencing downward pressure due to escalating trade tensions between the United States and China. Large-scale tariff orders by the Trump administration have caused the evaporation of trillions of won in corporate value in global stock markets, with the cryptocurrency market also experiencing a concurrent decline. Notably, the Total3 index, which reflects altcoin market capitalization, has dropped by approximately 33% from its December 2024 peak, while Bitcoin has declined by only about 22%.
Bitcoin is currently trading sideways around $84,000, with its narrative as a store of value being highlighted. Despite a sell-off approaching $5 trillion, Bitcoin's relative price stability is drawing attention to its characteristics as a 'digital gold' rather than a risky asset.
Adam Back, CEO of digital asset infrastructure company Blockstream, assessed at this year's Paris Blockchain Week that "if global trade wars are prolonged, Bitcoin will become an increasingly attractive store of value". He expressed concerns that traditional assets like stocks and real estate could see dramatically lower real returns, projecting potential inflation of 10-15% within the next decade.
Adam Back added that "Bitcoin is increasingly realizing its potential to compete with and partially replace gold's use value", diagnosing that Bitcoin could establish itself as a tangible investment alternative amid gradual policy changes.
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