The co-founder of a well-known tech firm has indicated that the company intends to increase its Bitcoin (BTC) acquisitions following a nearly two-week hiatus from purchasing.
The latest purchase of 22,048 Bitcoin on March 31 has raised the company’s total holdings to 528,185 BTC.
As reported by a tracking platform, the firm’s BTC investment has risen by about 24%, showcasing more than $8.6 billion in unrealized gains.
Despite the recent market downturn that saw Bitcoin’s price dip below $80,000, the company continues to amass BTC and remains closely watched by Bitcoin investors as an indicator of institutional interest in the cryptocurrency.
Chronology of Bitcoin purchases by the company. Source: Tracking Platform
Related: Is the company’s strategy a fragile foundation?
The narrative of Bitcoin as a store of value strengthens despite recent price drops
The current economic uncertainties stemming from ongoing trade conflicts between the United States and China have adversely affected risk-sensitive assets across all markets.
Stock exchanges lost trillions in market value in reaction to significant tariff announcements, while the cryptocurrency markets also faced a substantial sell-off.
According to data from a comprehensive market indicator that excludes BTC and Ether (ETH), alternative cryptocurrencies have collectively decreased in value by more than 33% since the market’s peak in December 2024.
In contrast, Bitcoin has experienced a decline of approximately 22% from its all-time high of over $109,000 in January 2025 and is currently trading around the $84,000 mark.
Market cap of Total3 crypto sector, depicted in blue, alongside Bitcoin’s price. Source: Trading Platform
Bitcoin’s price has shown relative stability even amid a $5 trillion sell-off in the stock market, reinforcing its identity as a store-of-value asset rather than merely a risk-on investment.
During a discussion at the recent Paris Blockchain Week, a notable figure in the digital asset infrastructure sector suggested that the ongoing macroeconomic challenges would elevate Bitcoin’s status as a desirable store of value.
This individual projected inflation could rise to between 10-15% over the next decade, making it increasingly difficult for investors to achieve real returns from traditional assets like stocks and real estate.
“There’s a genuine chance that Bitcoin will rival gold and start to take over some of gold’s use cases,” they stated during an interview.
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