More Bitcoin Incoming? Michael Saylor drops clue on new crypto purchases


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Micro Strategy (now reclassified to strategy) looks to hold on to Bitcoin Next week. The company’s founder, Michael Saylor, shared a snapshot of the strategy portfolio tracker at X, a trait he has made in the evening for each purchase. Based on reports, this will mark the seventh weekly purchase in a row.

Strategy continues to buy

According to Tracker Saylor published, Strategy Now has 576,230 BTC. This stash is worth approximately $ 62 billion at current prices. There is a small part of Bitcoin about 20 million coins in circulation, but it is a major investment for a company. Last week, May 16, the strategy added 7,390 BTC to its move for $ 764 million.

Big number on the tracker

Investors have seen this tracker signal six recent purchases already. Each time the markets got a short -lived upswing. Bitcoin even met a new highest time before sliding back. Prices are now floating close to $ 106,000. It is down by about 5% over the past week, as traders took gains and global financial concerns crawled back.

What this means for bitcoin

A new strategy buy could push prices higher again. About 7,000 BTC is only 0.04% of the total supply. Still, in thin trade or during a quiet news day, it can move the needle. Larger rally usually needs more than one company. ETF inflows, large banking movements or clearer US rules can have more emphasis.

BTC is now shopping for $ 109 937. Diagrams: Tradingview

Market reactions and risks

Short sellers have already been busy. High risk trader James Wynn closed a Bitcoin of $ 1.2 billion and opened a new short position. He was among those who bet Bitcoin hit $ 121,000 soon. Now he has turned his attitude. This type of trade war can add swings.

Image: BCB Group

Institutional demand vs. Wider trends

Michael Saylor’s line “I only buy Bitcoin with money I can’t afford to lose,” everyone reminds of the risks. Institutional purchase assistance. They show that big players still have faith. But they cannot replace wider adoption or tame bitcoin natural volatility.

Looking forward

Analysts will look at Saylor the next move carefully. Based on previous patterns, his tracker posts mean that the purchase is imminent. Whether it sparks a new rally or just a short bolt remains to be seen. At the moment the market is waiting. The strategy’s steady march adds another warehouse to Bitcoin story – while investors are stomping according to what is coming thereafter.

Image from Pexels, Chart from TradingView

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