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Michael Saylor To Resume Bitcoin Acquisitions For Strategy After Brief Pause
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.
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Michael Saylor Hints At Fresh Strategy Bitcoin Buy
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.
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.
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MSTR Records A Stellar Week While Bitcoin Consolidates
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.
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