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Highlights
- Michael Saylor has hinted at another Strategy Bitcoin purchase after sharing the firm's portfolio tracker.
- Strategy is inching toward the 600,000 BTC mark as it gives chase to BlackRock's IBIT.
- MSTR holders are watching with bated breaths as the company doubles down on its Bitcoin purchasing spree.
Strategy (formerly MicroStrategy) is tying its bootlaces to acquire more Bitcoin after company founder Michael Saylor flashed the tell-tale buy signal. As fears of a Bitcoin crash intensify, renewed institutional purchases after the weekend may prop up prices for the largest cryptocurrency.
Michael Saylor Hints At Fresh Strategy Bitcoin Purchase
Michael Saylor has shared the MicroStrategy portfolio tracker in an X post for the tenth straight week, signaling an incoming Bitcoin purchase agreement. Each portfolio tracker post typically precedes a Strategy purchase announcement, with Saylor sticking to the script for over nine weeks.
According to the tracker, Strategy holds 582,000 BTC on its balance sheet valued at $61 billion at current prices. Saylor’s caption accompanying the portfolio post signals a hefty Bitcoin purchase, but it remains unclear if a single buy announcement will send its holdings above the 600,000 BTC mark
The chart reveals that Strategy has adopted a dollar-cost averaging (DCA) strategy to its Bitcoin purchase, buying the asset consistently across multiple price points. In the first four years of its BTC purchasing spree, the company accumulated 226K BTC, but steady weekly purchases have seen it rack up 335K BTC.
Last week, Strategy acquired 1045 BTC for $110 million, with the company exploring a range of options to fund its accumulation streak. For now, Strategy is on track to break its own personal record of 12 consecutive weeks of Bitcoin purchases that it set between November 2024 and February 2025.
MSTR Holders Worry As Company Goes All-In On Flagship Cryptocurrency
Chances are high that Strategy will break its 12-week record for Bitcoin purchases given the size of its resources. The company’s preferred stock STRD is live on Nasdaq, providing Strategy with additional resources to continue its BTC accumulation.
The company has previously launched STRF and STRK to investors, raising over $3 billion for Bitcoin purchases. However, there are fears that MSTR holders will be adversely affected by the company’s new treasury playbook. Particularly, fears of stock dilution and a potential Bitcoin crash may affect MSTR’s value.
Reports of Strategy insiders selling MSTR have raised eyebrows, with company director Carl Rickertsen selling off his entire holdings. Furthermore, Peter Schiff has warned MSTR holders of the risks associated with a massive Bitcoin exposure, urging them to sell the stock. However, a 12-month performance chart reveals that MSTR is outperforming Tesla, Apple, and Amazon by a country mile.
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