Michael Saylor’s Strategy May Resume Bitcoin Buying Spree

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Michael Saylor’s Strategy May Resume Bitcoin Buying Spree

Known for his Bitcoin buying trend, top BTC proponent Michael Saylor has shared a major hint that might see his firm Strategy make new acquisition this week.

A full week of not splurging on Bitcoin (BTC) must have felt abnormal to Strategy, formerly MicroStrategy. The business intelligence software firm led by Michael Saylor is known for its frequent Bitcoin acquisitions. Things are about to change as the company plans its next BTC purchase, which would mark its first buy in Q2.

Historical Portfolio Tracker Publication Move From Strategy 

Saylor showed a tell-tale buy signal that made crypto industry members raise their eyebrows in suspicion. 

He shared Strategy’s portfolio tracker on X, which displayed the company’s Bitcoin holdings and valuation. In the past, BTC purchases usually followed the publication of Strategy’s portfolio tracker. 

Hence, investors expect this to be a cue to an impending purchase. According to the tracker, the Saylor-led firm holds 528,185 BTC on its balance sheet, which is valued at $44.7 billion. 

Should Strategy eventually resume its Bitcoin acquisition spree this week, it would leverage the small price dip, with BTC holding the $83,000 mark.

Bitcoin Price Surpass $83,000

Meanwhile, talks about the potential Bitcoin purchase have triggered the firstborn digital asset to record some rebound past $83,000. 

BTC traded at $84,566.90, even after dropping by 0.39% within the last 24 hours. Joao Wedson, a crypto analyst, thinks Bitcoin may not be out of the woods yet. He hinted at the possibility of the coin’s price slipping to $65,000.

At the same time, a purchase by Strategy could push the coin towards more gain, as previous acquisitions have done. 

When Strategy acquired 22,048 BTC in March, it jolted the markets in line with investors’ expectations. Still, there are concerns that macroeconomic events like the ongoing US-China tariff war may impact a potential BTC rally following Strategy’s incoming purchase. 

Many market observers are still trying to understand the firm’s recent transfer of $700 million in BTC to new wallets.

Trump Recalls Tariff Policies; BTC and Other Crypto Reacts

On the brewing US-China tariff war, Saylor stated that there are “No tariffs on Orange Dots.” 

Apart from the executive orders which he signed at the beginning of his tenure, President Donald Trump has rolled back a chunk of his hardline tariff policy. The news relieved the tech sector and, by extension, digital assets. 

The 90-day pause, which the US Customs and Border Protection earlier confirmed, seeks to reduce the tariff rate to 10% for countries that haven’t retaliated against U.S. goods.

It signals a softening of the administration’s stance amid ongoing trade tensions. The recent pivot is beneficial to large-cap tech companies.


DisclaimerThe information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGEcrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.

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