Michael Saylor is once again hinting at a major Bitcoin purchase. This is fueling new speculations as Strategy buying streak enters its seventh straight week
On May 25, Saylor tweeted the company’s Portfolio Tracker. He is fond of making this mover often before announcing another bulk Bitcoin acquisition. “I only buy Bitcoin with money I can’t afford to lose.” Saylor tweeted
Just last week, the software company bought 7,390 BTC for nearly $765 million. That brings their total stash to a jaw-dropping 576,230 BTC, worth about $62 billion today. If the company buys again this week, it will mark seven straight weeks of stacking Bitcoin with no slowdown in sight.
Bitcoin Price Today: Minor Dip After All-Time High
Meanwhile, Bitcoin’s price has dipped slightly over the weekend after hitting a new record high of $112,000 on May 22nd. Currently, the price is hovering between $106,000 and $109,000 with $2.1 trillion in Market Cap.
Some investors are cashing out, but many believe Strategy’s next buy could kick off another rally. Big purchases from the company have boosted prices before, and with smaller traders dominating weekend trading, a major institutional buy could shake things up.
Meanwhile, some traders are turning cautious. Notably, High-risk trader James Wynn just closed a massive $1.2 billion long position and opened a short, despite previously expecting Bitcoin to reach $121,000 soon. His change in stance shows how divided the market is right now.
Despite the uncertainty, Strategy is sitting on unrealized gains of over $21.8 billion, a 54% profit on their Bitcoin investment. While most companies use borrowed money for growth, Saylor keeps turning debt into Bitcoin, doubling down on its long-term potential.
Analyst Jeff Walton recently suggested that Strategy could one day be worth $10 trillion, possibly the most valuable public company ever, calling Bitcoin the “most pristine collateral” in the world.
Saylor has long said Bitcoin could hit millions per coin in the future. He blames recent price drops on short-term traders lacking conviction. But with Strategy leading the charge on big buys, the crypto world is watching closely. If history repeats itself, Saylor’s latest tease could be the start of Bitcoin’s next big move.
