Michael Saylor Flashes Another MSTR Bitcoin Purchase Signal

Michael Saylor has dropped another hint pointing to an incoming Bitcoin (BTC) purchase by Strategy (formerly MicroStrategy). The incoming institutional purchase is tipped to trigger a rally for the flagship cryptocurrency after a weekend of lukewarm price action.

MSTR Hints At A Massive Bitcoin Purchase

Strategy has shown no signs of slowing down its Bitcoin accumulation streak, with the company founder, Michael Saylor, signaling a new purchase. Saylor has shared the MicroStrategy Portfolio Tracker in an X post, a telltale sign for an incoming Strategy purchase announcement.

Saylor has flashed the signal for the eighth consecutive week, following each portfolio tracker post with a Strategy Bitcoin purchase within hours. According to the tracker, Strategy holds 580,955 BTC on its balance sheet valued at $61.44 billion at current prices.

A new purchase announcement will bring Strategy one step closer to the 600,000 BTC milestone. Saylor accompanied his tracker post with the caption, “Send more Orange,” but it remains unclear if Strategy will splurge on 20,000 BTC to reach the milestone at once.

Last week, Strategy bought 705 BTC for $75 million in a conservative purchase, a decline from its 4,020 BTC purchase a fortnight ago. Saylor has recently unveiled a new preferred stock offering to raise funds for its Strategy Bitcoin purchases.

Bitcoin And MSTR Price Are Up

A symbiotic relationship between Bitcoin and MSTR is forming, with both assets leaning on each other. Consecutive Strategy Bitcoin purchases have driven Bitcoin to a previous all-time high, while MSTR is reaping the returns of aggressive BTC treasury operations.

MSTR is up by 126% over the last year, with Michael Saylor highlighting the Strategy stock’s performance over Big Tech rivals. MSTR outperformed the yearly returns of Tesla (TSLA), Microsoft (MSFT), and Apple (APPL) by a country mile.

Conversely, Bitcoin is sitting on a one-year return of 52.39% in a year driven by retail and heavy institutional adoption. Michael Saylor’s Strategy Bitcoin purchase is fuelling the influx of new corporate players into the space, with 16 companies announcing Bitcoin treasuries in the last week.

The flagship cryptocurrency is currently trading at $105,696 at the moment, down by 5.5% from its all-time high of $111,970.