Michael Saylor Hints Bitcoin Purchase Despite US-Iran Conflict

Michael Saylor has flashed the tell-tale sign for an incoming Strategy Bitcoin purchase, keen on extending its holdings. Saylor’s buy signal comes amid a tense US-Iran crisis, threatening to send Bitcoin prices lower than $100K for the first time in well over a month.

Michael Saylor Signals Fresh Bitcoin Purchase

As tensions in the Middle East reach a fever pitch, Michael Saylor is doubling down on his Bitcoin bet. The outspoken founder has shared the MicroStrategy portfolio tracker in an X post, a classic sign for an incoming BTC purchase.

Previously, Saylor has always shared the portfolio tracker 24 hours before a Bitcoin purchase announcement. Like clockwork, market participants are expecting a Strategy Bitcoin purchase shortly, continuing a remarkable 10-week buying streak.

According to the tracker, Strategy holds 592,100 BTC worth $60.85 billion at current prices. A tentative purchase of 7,900 BTC will send Strategy’s Bitcoin holdings across the 600,000 mark. Last week, Strategy bought 10,100 BTC for $1.05 billion, making it the tenth straight week of Bitcoin purchases.

Strategy’s longest Bitcoin buying streak is 12 weeks, and an incoming purchase will bring it one step closer to setting a new record. Chances are that Strategy will break its previous record, given its deep pockets and ability to raise cash for new Bitcoin purchases.

Strategy Unfazed By The US-Iran Conflict

Despite the raging conflict in the Middle East, Michael Saylor is unwavering in his Bitcoin buying spree. The crypto market crashed after the US launched airstrikes on key nuclear installations in Iran.

Bitcoin price tumbled to $101K, threatening to fall below $100K for the first time in well over a month. Bitcoin’s decline dragged the rest of the markets underwater, with the global cryptocurrency market capitalization shedding over $300 billion.

However, Michael Saylor remains bullish over the asset’s long-term prospects, famously tipping Bitcoin to reach $21m per BTC in 2046. A slew of predictions from Arthur Hayes and Robert Kiyosaki are pegging BTC to trade at $1 million in the near term.

While institutional investors are triggering the rally, it is unclear if the buying spree of Bitcoin treasury companies will continue into the new week amid the asset’s slump in the wake of the US-Iran conflict.