Highlights
Michael Saylor has hinted at an incoming Strategy (formerly MicroStrategy) Bitcoin acquisition after pausing its 12-week purchase streak. The hint has sent the MSTR price surging in premarket trading while BTC consolidates the $118K mark.
Strategy founder Michael Saylor has flashed a signal for the company to Bitcoin treasury company to resume its BTC buying spree. In an X post, Saylor shared a chart showing Strategy’s Bitcoin acquisitions since August 2020, accompanied by a caption signaling an incoming purchase announcement.
“Some weeks you don’t just HODL,” wrote Saylor on X.
Typically, the tell-tale signal for Strategy’s purchases is Saylor posting the company’s portfolio tracker. However, Saylor’s latest post departs from the norm with the Strategy founder opting for a Bitcoin acquisition chart.
Last week, Saylor’s caption accompanying MicroStrategy’s portfolio suggested a plan to HODL its holdings. Consequently, Strategy halted its Bitcoin purchases last week, bringing a 12-week buying run to an abrupt end.
During the pause to its purchases, Strategy announced a plan for a $4.2B STRD offering to bolster its cash reserves to accumulate more assets. At the moment, Strategy holds 597,325 BTC, and a resumption of the buying spree may send the company’s holdings over the 600K mark.
Michael Saylor’s hint to resume purchases comes amid a glowing week for Strategy stock (MSTR) and Bitcoin. Despite pausing its BTC acquisition, MSTR closed the week with a near 8% gain to trade at $434.58.
On the other hand, Bitcoin printed a new ATH during the week, unfazed by the company’s decision to pause purchases. The top cryptocurrency braved the macroeconomic headwinds from new Trump tariffs and falling odds of a Fed rate cut to reach a peak of $118,856.
While Michael Saylor’s company pulled in the reins of its purchases, Bitcoin treasuries showed a large appetite. In the last week, new players entered the space to accumulate a significant number of assets, filling in for Strategy’s absence in the markets during the week.
Klarna has taken a major step into crypto finance by partnering with Coinbase to accept…
The U.S. Federal Reserve has requested public feedback on the payment accounts, also known as…
New York Federal Reserve President John Williams has signaled his support for holding rates steady…
The Fed chair race is heating up with U.S. President Donald Trump set to interview…
The leading crypto asset manager VanEck amends its Avalanche ETF with the U.S. Securities and…
Crypto market traders are bracing for heightened volatility and a potential crash as Bitcoin and…