Key Takeaways
- Michael Saylor's Strategy plans to buy more Bitcoin despite geopolitical tension.
- Strategy now holds 582,000 BTC, with unrealized gains exceeding $20 billion.
- Bitcoin ETFs saw over $1.3 billion in inflows amid market uncertainty and conflict.
Michael Saylor, co-founder of Strategy, signaled that the company would make a fresh Bitcoin purchase as traditional markets reopen on Monday, despite heightened conflict between Israel and Iran.
Saylor shared a Bitcoin chart suggesting the timing of the acquisition and reinforcing his ongoing bullish stance:
Bigger Dots are ₿etter
Strategy’s last purchase was on June 9, adding 1,045 BTC (worth about $110 million) to their reserves, bringing total holdings to 582,000 BTC.
According to SaylorTracker, the company’s position is up over 50%, translating to more than $20 billion in unrealized gains.
Bitcoin shows resilience amid conflict
The price of Bitcoin briefly dropped 3% after Israel launched airstrikes on Tehran but stabilized around $105,000.
Bitcoin exchange-traded funds (ETFs) saw five consecutive days of inflows this week, totaling over $1.3 billion, even as global markets face uncertainty from trade tariffs and Middle East tensions.
The Bitcoin Fear and Greed Index currently sits at 60, signaling ‘greed’ and sustained bullishness among investors.
However, Coin Bureau’s Nic Puckrin cautioned that any closure of the Strait of Hormuz—a route responsible for 20% of global oil supply—could negatively impact risk assets, including Bitcoin, due to likely spikes in energy prices.
