Michael Saylor’s Bitcoin-heavy firm, Strategy, has once again doubled down on its long-term bet on BTC, buying 10,645 Bitcoin just as global markets grow uneasy ahead of a possible interest rate hike in Japan.
The move comes at a time when investors are bracing for tighter monetary conditions, a backdrop that has historically sparked short-term volatility across risk assets, including Bitcoin.
Strategy Adds to Its Bitcoin War Chest
According to an SEC filing, Strategy has purchased 10,645 BTC in a new acquisition, further expanding its already large holding of the digital asset. The filing shows that the firm purchased the tokens at $92,098 per coin, spending a total of $980 million.
Interestingly, this purchase comes two weeks after the firm made a similarly large purchase of BTC, buying 10,624 tokens for $962 million. Further, the SEC filing shows that the purchase was made with net proceeds from the sale of the firm’s shares, which include MSTR, STRD, and STRK.
Meanwhile, Strategy’s CEO Michael Saylor has long been vocal about his belief that Bitcoin represents a superior form of money in an era of rising debt and persistent inflation. Rather than trying to time the market, he has consistently argued that moments of uncertainty offer the best opportunities to build long-term positions.
Interestingly, Saylor had hinted at a massive acquisition in an X post on Sunday, and the recent purchase now takes the firm’s total Bitcoin holdings to 671,268 BTC, keeping Strategy firmly in the lead as the world’s largest corporate holder of Bitcoin.
Japan’s Rate Decision Raises Market Tension
Meanwhile, the timing of the purchase is notable, as it comes at a time when the Bank of Japan hinted at an impending 0.75% rate hike, which has the potential to disrupt the crypto market.
Interestingly, the BOJ has not raised its interest rate this high since 1995; thus, the new rate increase signals a potential end to its ultra-loose monetary policy. Such a shift could strengthen the yen and drain liquidity from global markets, a combination that often puts pressure on stocks and cryptocurrencies.
For Bitcoin traders, the looming decision has added a layer of caution, as a sideways move can see BTC crash below $70,000. Some, on the other hand, view higher rates as a short-term headwind, believing that any sell-off driven by macroeconomic fears could be brief, especially if long-term demand for Bitcoin remains strong.
Confidence Beyond the Noise
Despite the uncertainty, Strategy’s latest bitcoin purchase sends a clear message: Saylor is unfazed by near-term market noise. The firm continues to view Bitcoin as a long-term treasury asset rather than a short-term trading instrument.
As investors wait for clarity from Japan’s central bank, Strategy’s aggressive accumulation highlights a growing divide in the market. While some participants step back in response to macro risks, others are leaning in, betting that Bitcoin’s long-term performance will ultimately outweigh temporary economic headwinds.
Meanwhile, according to CoinmarketCap, Bitcoin has crashed to the $86,000 region as the cryptocurrency fear and greed index drops to 16, indicating extreme fear among investors.
The CoinRemark Team
