Michael Saylor Signals Another Massive Strategy Bitcoin Purchase

After seven straight weeks of steady Bitcoin accumulation, Strategy founder Michael Saylor has indicated an intention to buy more Bitcoin. Saylor posted the MicroStrategy portfolio tracker, a dead giveaway for a Strategy Bitcoin purchase announcement. A Bitcoin accumulation strategy sees MSTR up by 44% over the last three months, outperforming Gold, Tesla, and Nvidia.

Michael Saylor Cues Strategy Bitcoin Purchase

Michael Saylor has signaled a potential Bitcoin acquisition by Strategy after posting the company’s portfolio trackers. According to the tracker shared in an X post, Strategy holds 580,250 BTC valued at $60.69 billion at current prices.

Saylor has historically posted the MicroStrategy portfolio tracker on the eve of a Strategy Bitcoin purchase announcement. Market participants are interpreting the post as a cue for an incoming Strategy Bitcoin acquisition, given previous antecedents.

“Orange is my preferred color,” read Saylor’s caption accompanying the portfolio tracker post.

For seven consecutive weeks, Michael Saylor has posted the portfolio tracker before Strategy’s Bitcoin announcements. Last week, Strategy acquired 4,020 BTC for $427 million, deepening its position as the public company with the largest Bitcoin holdings.

Saylor also shared MSTR’s three-month return of 44% since stemming from its Bitcoin business. The outspoken founder’s post indicated that MSTR has outperformed Tesla, Microsoft, and NVIDIA shares in the last three months.

Strategy has shown no sign of tapering its Bitcoin purchasing spree, with the company recently raising $2 billion to increase its holdings. Amid the proof of reserves fiasco, Arkham has unearthed Bitcoins associated with Strategy that were not publicly announced.

Will New Purchase Halt Price Decline?

Bitcoin price during the weekend has been lethargic, underscored by dwindling transaction volume. Ahead of the incoming Strategy Bitcoin purchase, the largest cryptocurrency is trading at $104K, down by 6.79% from its all-time high of $111,970.

While the asset has enjoyed a streak of heavy institutional purchases during the week, corporate interest thawed as the weekend rolled in. Strategy, Gamestop, Metaplanet, and The Blockchain Group bought sizable amounts of Bitcoin during the week.

On the one-week chart, Bitcoin price has crashed by 8%, with investors hoping that renewed institutional buying led by Strategy will keep prices from slipping below $100K. In mid-May, a hefty Strategy Bitcoin purchase played a key role in powering BTC to set a new all-time high.