Crypto Whale Gobbles 13,390 BTC in $1.34B Power Move – Tariff Truce Sends Markets into Tailspin

Bitcoin just got a seismic jolt as an institutional player vacuumed up 13,390 BTC in a single $1.34 billion blitz—proving once again that ’buy the dip’ is Wall Street’s motto... right up until they trigger the next crash.

Market volatility spiked after the US-China tariff truce, with traders scrambling to reposition. The whale’s timing? Impeccable—or suspiciously well-informed, depending on who you ask.

Meanwhile, retail investors are left parsing the tea leaves of OTC desk chatter and derivatives data. Same old game: the house always wins, but at least the blockchain receipts are public this time.

Strategy Continues Dramatic Bitcoin Acquisition

According to a May 12 filing with the United States Securities and Exchange Commission (SEC), the Virginia-based software firm purchased 13,390 bitcoin at $99,856 per coin for a total of $1.34 billion.

The company currently holds 568,840 $BTC acquired for $39.41 billion at $69,287 per Bitcoin, a May 12 X post from Saylor states.

Strategy has acquired 13,390 BTC for ~$1.34 billion at ~$99,856 per bitcoin and has achieved BTC Yield of 15.5% YTD 2025. As of 5/11/2025, we hodl 568,840 $BTC acquired for ~$39.41 billion at ~$69,287 per bitcoin. $MSTR $STRK $STRF https://t.co/oSXRMwiTkU

Strategy has long been known for its controversial Bitcoin acquisition strategy, with Saylor launching the organization’s Bitcoin buy-up back in 2020.

News of Strategy’s latest purchase comes just after crypto markets surged following an announcement from the White House that the United States and China will enact a three-month pause on current tariffs in hopes of finding a long-term solution.

“For too long, unfair trade practices and America’s massive trade deficit with China have fueled the offshoring of American jobs and the decline of our manufacturing sector,” a Monday press release from the WHITE House reads.

“In reaching an agreement, the United States and China will each lower tariffs by 115% while retaining an additional 10% tariff during the period of the pause,” the statement continues.

Michael Saylor’s Bitcoin Buy-up Continues

Despite rallying above $105,000 briefly on May 12, the cryptocurrency has since dropped more than 1.5%. Strategy briefly suspended purchases of the cryptocurrency earlier this year after the launch of Trump’s “Liberation Day” tariffs that saw global markets collapse into chaos.

However, a May 1 X post from Saylor indicates that the Bitcoin treasury company is up by more than 3,000% since “adopting the Bitcoin standard.”

Saylor has also advocated for establishing clear crypto policies stateside, attending the White House’s Crypto Summit back in March.