Saylor Hints at New Bitcoin Buy After Friday’s Crypto Crash

Michael Saylor has sparked fresh speculation of another Bitcoin (BTC) purchase following the sharp crypto market downturn on Friday. The MicroStrategy founder shared a chart of his company’s Bitcoin portfolio, now worth $71.7 billion, with the caption, “Don’t Stop ₿elievin’.”

MicroStrategy is Poised for Another Bitcoin Accumulation

Saylor’s post is a possible sign that MicroStrategy could add more Bitcoin to its already massive holdings. The chart revealed that MicroStrategy currently owns 640,031 BTC, purchased at an average price of $73,983 per coin.

The overall worth of the company holdings has increased by over 51% since the initial purchase. This indicates profits of more than $24 billion. Saylor’s firm has continued to accumulate Bitcoin even amid market volatility. All orange dots on the graph symbolize a Bitcoin buy moment. This demonstrates that Saylor’s firm continues to buy BTC during market rallies and falls.

His latest post came as BTC price stabilized above $110,000. This follows the steep selloff that rattled altcoins and erased billions from the broader crypto market on October 10.

The firm has long been known for its conviction-based accumulation model. It uses Bitcoin as a corporate treasury reserve asset rather than a short-term investment.

Tether Reaffirms Commitment to Bitcoin and Gold Investments

Meanwhile, the market received another bullish statement from Paolo Ardoino, the CEO of Tether. Responding to a quote of his earlier comments, Ardoino wrote, “Bitcoin and Gold will outlast any other currency.”

His post reaffirms Tether’s stance on allocating profits toward assets viewed as a long-term store of value. The Tether CEO added that the company will continue to invest in Bitcoin and Gold.

This implies that the company still focuses on safety and diversification in the face of increasing uncertainty in global financial markets. A similar perspective was recently shared by macro investor Raoul Pal. Pal noted that global liquidity trends remain supportive of Bitcoin and other risk assets despite recent selloffs.

Ardoino’s statement echoed Saylor’s philosophy that Bitcoin functions as “digital gold” in an era of unstable monetary policy and currency debasement.

Meanwhile, the Bitcoin dominance level has gotten stronger. BTC dominance has passed the 60.6% resistance point, per TradingView data. This is the first time it has done so in months.

It is an indication that capital is being shifted out of altcoins and into Bitcoin. Analyst CryptoPulse stated that a retest to about 62% may be a confirmation of a BTC-led recovery phase.