Saylor Signals Fresh Bitcoin Buy for Strategy
Saylor Signals Fresh Strategy Bitcoin Buy
Michael Saylor, founder of Strategy (formerly MicroStrategy), has signaled a resumption of the company's Bitcoin purchasing. This follows a 12-week buying streak that concluded last week. The announcement caused MSTR stock to surge in premarket trading, while Bitcoin consolidates around the $118,000 mark.
Saylor's announcement, made via an X post (link), featured a chart illustrating Strategy's Bitcoin acquisitions since August 2020. His accompanying caption, "Some weeks you don’t just HODL," strongly suggests an imminent purchase.
While Saylor typically uses the company's portfolio tracker to announce acquisitions, this time he opted for the chart. This deviation from his usual pattern adds to the excitement surrounding the news.
Last week, Strategy paused its Bitcoin purchases, as indicated in a previous post and article (link), after a 12-week buying spree. This pause coincided with Strategy's announcement of a $4.2 billion STRD offering to bolster its cash reserves for future acquisitions. Strategy currently holds approximately 597,325 BTC, and a resumption of buying could push its holdings above 600,000 BTC.
MSTR Stock Soars, Bitcoin Consolidates
The news of a potential resumption of Bitcoin purchases by Strategy has resulted in a strong positive reaction for MSTR stock. Despite the pause in BTC acquisitions, MSTR closed the week with an impressive near 8% gain, trading at $434.58. Meanwhile, Bitcoin reached a new all-time high (ATH) during the week, briefly exceeding $118,856. This occurred despite macroeconomic headwinds such as new Trump tariffs and reduced expectations of a Fed rate cut.
Although Strategy paused its purchases, other entities actively accumulated Bitcoin, filling the gap left in the market.
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