MEXCMichael Saylor Signals New Bitcoin Acquisition For Strategy
Highlights
- Michael Saylor has flashed the tell-tale signal for a potential Bitcoin buy for Strategy.
- A fresh Bitcoin purchase will equal its previous 12-week buying streak.
- The company is keen on increasing its BTC holdings to 600K.
After 11 consecutive weeks of relentless Bitcoin buying, Strategy (formerly MicroStrategy) is bracing for another purchase announcement. Michael Saylor has dropped a clue for an incoming purchase that can send Strategy’s holdings above 600,000 BTC.
Michael Saylor Flashes Buy Signal For Strategy
Strategy founder Michael Saylor has shared the leading indicator for an incoming Bitcoin purchase for the company. In an X post, Saylor shared the Strategy’s portfolio tracker, revealing the company’s Bitcoin holdings, buying streak, and a caption urging followers to accumulate the flagship cryptocurrency.
According to the tracker, Strategy holds 592,345 BTC valued at $64.28 billion at current prices, just 7,655 shy of the 600,000 mark. Michael Saylor’s portfolio posts have always preceded a Bitcoin purchase announcement, building up an 11-week buying streak.
Last week, Strategy bought the dip, splurging $26 million on its Bitcoin accumulation spree. A potential purchase will see Strategy equal its previous 12-week BTC buying record, but it remains unclear if the company will splurge to reach the 600K BTC milestone.
“In 21 years, you’ll wish you’d bought more,” read Saylor’s caption on X.
Strategy is now sitting on an unrealized profit of $21.3 billion from its steady Bitcoin accumulation plan. Michael Saylor shows no signs of slowing down his accumulation spree with Strategy raising funds via convertible debt issuance and preferred stock sales.
Bitcoin To Trade At $21 Million in 21 Years
Saylor has tipped 21 to be Bitcoin’s magic number, and his caption accompanying the portfolio tracker underscores his stance. Previously, Michael Saylor predicted the Bitcoin price to reach $21 million, growing at 21% over 21 years.
Several companies are adopting Strategy’s playbook to roll out their Bitcoin reserve, buoyed by the conviction over the asset’s long-term growth. Last week, new Bitcoin treasury companies accumulated nearly 6,000 BTC, with Pompliano’s ProCap Financial leading the charge.
Apart from corporations piling into the top cryptocurrency, a changing regulatory landscape is pointing to a spike in prices. The cryptocurrency is now recognized as an asset for mortgage by the Federal Housing Finance Agency, with Cathie Wood predicting a BTC rally from the move.
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