US-based software firm MicroStrategy has made headlines once again under its newly rebranded, Bitcoin-focused identity, following changes at the start of 2025. Between April 13 and 19, the company purchased a total of 34,164 Bitcoin, marking its third-largest weekly acquisition to date. This round of buying raised MicroStrategy’s total BTC holdings to 815,061, representing an aggregate investment of $61.56 billion at a purchase cost of $2.54 billion for the week alone.
Record fundings through STRC and internal milestones
A significant part of these purchases was financed by proceeds from MicroStrategy’s preferred security, the STRC. The company raised $2.18 billion through STRC and an additional $366 million from the sale of its Class A shares. These inflows via STRC set new weekly records for raising funds. On April 13, BTC purchases made in a single day through STRC reached 7,741 coins, while the following day saw the equivalent of 9,364 BTC traded through the sale of 14.4 million shares. The combined two-day figures represented a 518 percent surge over the four-week average.
The company also announced plans to pay out semi-monthly dividends to STRC holders. CEO Phong Le emphasized that such a dividend system is unique on a global scale, highlighting its distinctive appeal for STRC investors.
The board stated, “The year-end target was 800,000 Bitcoin, but that level has been achieved eight months ahead of schedule. Market expectations have been surpassed.”
Geopolitics shake Bitcoin as resistance levels loom
The week also saw heightened volatility in the BTC market, triggered by a sudden escalation in US-Iran tensions. Oil prices spiked over 7 percent, and Bitcoin ended the week higher, though the price stalling at $76,000 reflected persistent technical resistance. Data from CryptoAppsy showed Bitcoin beginning the new week near the $76,000 mark.
A key resistance under scrutiny is the 21-week exponential moving average at $78,400. Analyst Rekt Capital identified this as a major rejection level, while CME Bitcoin futures revealed a gap at $77,300 that could foster upward momentum. Of even more significance: the $81,000 region, representing the average cost basis for US spot Bitcoin ETF investors. Meanwhile, the average cost for short-term investors hovers near $83,500, where profit and loss currently balance out.
Last week, spot Bitcoin ETFs in the US saw total inflows of 25,000 BTC, including a record $660 million entering in a single day on Friday. Nevertheless, Bitcoin’s price has yet to break through the psychological $81,000 barrier.
Lead analyst CryptoVizArt from Glassnode noted: “Bitcoin has traded below the $78,200 average cost of large investors for more than 75 days now, and this trend has been smoother than in prior bear markets. The signal is not ‘all clear’—caution remains warranted.”
Quantum debate and the Satoshi mystery shape Bitcoin’s future
During Paris Blockchain Week, Blockstream CEO Adam Back recommended that Bitcoin’s cryptographic base be voluntarily and retroactively strengthened to resist quantum computers. Debate around the identity of Satoshi Nakamoto also flared up following new research published in The New York Times. While rejecting these claims, Back stated that current quantum computers are not yet capable of threatening Bitcoin’s security, estimating their impact is at least two decades away. Still, he advised early preparation and mentioned that Blockstream is already trialing quantum-resistant signature technologies on its Liquid Network.
The debate was set off by a proposal from Bitcoin developer Jameson Lopp and his team, who on April 14 unveiled BIP-361. The plan calls for phasing out quantum-vulnerable addresses over five years and freezing coins in dormant addresses. It could affect around 6.9 million Bitcoin, including roughly 1 million attributed to Satoshi Nakamoto and 5.6 million coins unmoved in the past decade. The proposal has drawn sharp criticism as “authoritarian and confiscatory.”
Quantum computing has made significant strides over the last twelve months. Google’s Quantum AI team recently reduced the required number of physical qubits to crack Bitcoin’s encryption twentyfold, bringing it down to 500,000. Researchers at Caltech suggested that if progress continues, workable quantum-resistant machines could emerge before 2030. Still, many experts argue that updating Bitcoin’s core systems would be a lengthy, complex process, leaving the true level of risk uncertain for now.
In his Paris speech, Adam Back explained that a quantum-driven migration of dormant coins would reveal the actual amount still controlled by Satoshi. He added, “I believe Satoshi is most likely someone who does not engage with the media or use that name in forums.” Market participants appear unwilling to wait for clarity on this question.
