Michael Saylor Hints Another BTC Purchase This Week
Highlights
- Strategy is hinting at another massive Bitcoin purchase in the coming week.
- Michael Saylor flashed the telltale signal for the sixth consecutive week.
- MSTR stock has taken a hit but the company is motoring forward with its Bitcoin accumulation.
Michael Saylor has yet again shared signs for another massive Bitcoin purchase coming week. It is worth noting Strategy has bought Bitcoin for last 6 consecutive weeks and after recent purchase on 16th May now holds 576,230 BTC.
Michael Saylor Signals Massive Bitcoin Purchase Again
Strategy is rolling up its sleeves to continue the streak of steady Bitcoin accumulation in the coming week. Michael Saylor, the company’s outspoken founder, has flashed the MicroStrategy Portfolio Tracker in an X post, the telltale sign for an incoming Bitcoin purchase.
Michael Saylor has previously posted the portfolio tracker on the eve of every Bitcoin purchase. This is the sixth consecutive time Saylor is flashing the tracker with investors bracing for yet another institutional purchase.
According to the tracker, Strategy holds 576,230 BTC valued at $62 billion at current prices. A week ago, Strategy acquired 7,390 BTC for $764 million, with the company showing no signs of tapering its accumulation spree.
Speculation is mounting that the incoming purchase will be a market-moving acquisition. Michael Saylor’s accompanying caption to the post hints at a mega Bitcoin purchase in the coming hours.
“I only buy bitcoin with money I can’t afford to lose,” read Saylor’s caption.
Will The Incoming Strategy Purchase Trigger A BTC Price Rally
As Bitcoin prices hover around the $106K mark, there is mounting optimism that a fresh Strategy purchase will trigger a rally. Since BTC set a new ATH, prices have fallen by nearly 5% in under a week, driven by profit taking and macroeconomic conditions.
A Michael Saylor and Strategy BTC purchase is tipped to trigger a rally for Bitcoin prices, with the asset in dire need of institutional capital inflow after a weekend propped by retail traders.
Previous Strategy purchases have triggered noticeable price movements for BTC, with retail investors keen for institutional action. Short sellers are increasing their short positions, citing dour technicals and unsavory fundamentals.
High-risk crypto trader James Wynn closed his previous $1.2B Bitcoin long position and opened a new short position. James Wynn previously backed BTC to set a new all-time high of $121K in the coming week, but has made a U-turn.
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