The latest crash came after US President Donald Trump nominated Kevin Warsh to replace Federal Reserve chair Jerome Powell, sending Bitcoin down to $75,892 lateThe latest crash came after US President Donald Trump nominated Kevin Warsh to replace Federal Reserve chair Jerome Powell, sending Bitcoin down to $75,892 late
Following President Trump's appointment of Kevin Warsh as Jerome Powell's potential successor at the Federal Reserve, Bitcoin experienced a sharp decline, plummeting to $75,892.00 by late Sunday. This downturn prompted Strategy founder Michael Saylor to suggest his company seized the opportunity to acquire additional Bitcoin after the cryptocurrency tumbled more than 13% over the weekend—a drop that temporarily rendered the firm's substantial BTC holdings unprofitable. "More Orange," the Strategy executive chairman cryptically posted on X Sunday, accompanied by a chart showcasing his company's impressive $55 billion Bitcoin accumulation since August 2020. Saylor consistently shares this visual indicator to signal either completed or upcoming Bitcoin acquisitions. Analysts believe this marks Strategy's fifth Bitcoin purchase in 2025, with the most significant transaction occurring on January 20th when the firm secured 22,305.00 Bitcoin. Therefore, Strategy maintains its position as the world's largest corporate Bitcoin holder, controlling over 712,647.00 Bitcoin.
The latest crash came after US President Donald Trump nominated Kevin Warsh to replace Federal Reserve chair Jerome Powell, sending Bitcoin down to $75,892 late on Sunday.
Strategy founder Michael Saylor has hinted his firm added to its Bitcoin holdings after the cryptocurrency slid more than 13% over the weekend, briefly pushing the company’s large BTC position into the red.
“More Orange,” the Strategy executive chairman posted to X on Sunday, alongside a chart showing his firm’s $55 billion worth of Bitcoin purchases since August 2020. Saylor often posts the chart as a signal that his company has bought or plans to buy Bitcoin.
It would mark Strategy’s fifth Bitcoin (BTC) purchase this year, with its largest coming on Jan. 20, when it bought 22,305 Bitcoin. Strategy is by far the largest Bitcoin treasury company with over 712,647 Bitcoin to its name.
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