Saylor signals Strategy is buying the dip amid macroeconomic turmoil

Strategy co-founder Michael Saylor has signaled that the company plans to acquire more Bitcoin (BTC) following a nearly two-week pause in purchases.
The company’s most recent acquisition of 22,048 Bitcoin on March 31 brought its total holdings to 528,185 BTC.
According to SaylorTracker, Strategy’s BTC investment is up by approximately 24%, representing over $8.6 billion in unrealized gains.
Strategy continues to accumulate BTC amid the recent market downturn that took Bitcoin’s price below the $80,000 level, and the company continues to be closely monitored by BTC investors as a barometer for institutional interest in BTC.
Strategy’s Bitcoin purchase history. Source: SaylorTracker
Related: Has Michael Saylor’s Strategy built a house of cards?
Bitcoin’s store-of-value narrative grows despite the recent price decline
The current macroeconomic uncertainty from the ongoing trade tensions between the United States and China has negatively impacted risk-on assets across the board.
Stock markets wiped away trillions in shareholder value in response to Trump’s sweeping tariff order, and crypto markets also experienced a deep sell-off.
Data from the Total3, an indicator that tracks the market capitalization of the entire crypto sector excluding BTC and Ether (ETH), shows that altcoins have collectively shed over 33% of their value since the market peak in December 2024.
By comparison, BTC is only down roughly 22% from its peak of over $109,000 in January 2025 and is currently rangebound, trading around the $84,000 level.
The Total3 crypto market cap, pictured in blue, compared to the price of Bitcoin. Source: TradingView
The price of Bitcoin remained relatively stable amid a $5 trillion sell-off in the stock market, lending credence to Bitcoin’s use case as a store-of-value asset as opposed to a risk-on investment.
Speaking with Cointelegraph at Paris Blockchain Week 2025, Cypherpunk and CEO of digital asset infrastructure company Blockstream, Adam Back said the macroeconomic pressures from a prolonged trade war would make Bitcoin an increasingly attractive store of value.
Back forecasted inflation to surge to 10-15% in the next decade, making real investment returns on traditional asset classes such as stocks and real estate incredibly difficult for market participants.
“There is a real prospect of Bitcoin competing with gold and then starting to take some of the gold use cases,” Back told Cointelegraph managing editor Gareth Jenkinson.
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