Strategy set for second-biggest bitcoin buying quarter despite BTC price slide
First-quarter purchases have reached 89,618 BTC so far, the most since fourth-quarter 2024, and the quarter is not yet over.
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First-quarter purchases have reached 89,618 BTC so far, the most since fourth-quarter 2024, and the quarter is not yet over.
For now, surging oil prices and persistent geopolitical tensions are driving inflation fears and weakening traditional safe-haven assets.
The recent price action echoes the November–January pattern, showing weak conviction among the “buy the dip” crowd.
Oil prices slipped as major economies announced joint efforts to stabilize energy markets.
Morgan Stanley has filed to launch a spot Bitcoin ETF with the ticker MSBT and a $1 million seed at debut.
While bitcoin has shown relative strength against gold since the war in Iran broke out, investors are better off holding off “dry powder” while prices swing wildly on headlines, said Wintermute’s Bryan Tan.
Bitcoin tended to show muted performance on quadruple witching days in 2025, followed by weakness in the days to weeks after.
Fed chair Jerome Powell said rising energy prices are feeding into the inflation outlook, but “nobody knows” yet how lasting the impact will be.
Hot PPI inflation data in the morning and hawkish remarks by Powell in the afternoon would be the most damaging combination for risk assets, including crypto, Bitfinex analysts said.
A $1.18 billion preferred stock raise, roughly equivalent to 16,800 BTC, signals a shift away from common stock as dividend obligations top $1 billion.