Saylor Buys 22K Bitcoin

CRYPTO
Saylor Buys 22K Bitcoin

Michael Saylor’s Strategy recently made headlines by snapping up another 22,048 Bitcoin for $1.92 billion, pushing its total holdings past 528,000 BTC as of March 31, 2025. This aggressive buy, despite market jitters over Trump’s looming tariff announcement, reaffirms Saylor’s unshakable belief in Bitcoin as a long-term asset. The company now owns over 2.5% of Bitcoin’s total supply, acquired at an average of $67,458 per coin.

Meanwhile, other whales are joining the frenzy—ETF accumulations and corporate treasuries are gobbling up BTC at a record pace. Saylor’s rapid purchases hint at insider confidence, while some see whales front-running a potential price surge. With Bitcoin hovering around $80,000, the big players aren’t flinching. Is this a historic entry point, or a prelude to a shakeout? The market’s watching closely.

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FINANCE
U.S. Travel Demand Drops Sharply

Air Canada says demand for flights between Canada and the U.S. is down, with spring and summer bookings dropping 10% compared to last year. The decline reflects a broader trend of Canadians avoiding U.S. travel amid trade tensions and political backlash against President Trump’s tariffs and remarks suggesting Canada should join the U.S. Chairman Vagn Sørensen expressed concern but noted strong demand for European destinations, prompting the airline to add summer flights to cities like Paris and Rome.

U.S.-Canada routes made up 22% of Air Canada's 2024 passenger revenue. Rival Porter Airlines is shifting more capacity to domestic flights, while Virgin Atlantic reported weaker U.S.-origin ticket sales. The S&P 500 Passenger Airlines Index fell over 6% Monday before recovering slightly. Air Canada says it’s staying agile, ready to adjust capacity as needed. Polls show most Canadians oppose deeper ties with the U.S., with only 9% supporting the idea of joining it.

FINANCE
Recession Fears Rise Amid Tariffs

President Trump’s shifting stance on tariffs has rattled investors ahead of a major announcement expected Wednesday. March was brutal for stocks, with the S&P 500 closing its worst quarter in over two years, down 4.4% year to date. Tech stocks were hit hardest—Nvidia is down over 20%, and Tesla has fallen more than 30% in 2025. After briefly calming markets last week, Trump is now reportedly considering a blanket 20% tariff on all imports, reigniting fears.

The lack of positive economic news has amplified the market’s anxiety, especially as hopes for offsetting tax cuts remain uncertain. ETF manager Jay Hatfield said, “The bad part is pretty certain—but the good part is not.” The Nasdaq dropped over 10% in Q1, and recession worries are rising, with Goldman Sachs placing a 35% chance on a GDP contraction. Bond yields fell Monday as investors fled to safe assets. Tariffs, uncertainty, and seasonal weakness continue to haunt Wall Street.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.