- Saylor Teases New Bitcoin Purchase: Michael Saylor hinted at another major Bitcoin acquisition, potentially to be announced on May 12, just days after Strategy acquired $180 million in BTC, bringing its holdings to over 555,000 coins.
- Bitcoin Approaching All-Time High: Bitcoin is now trading just 4% below its January high of $109,300, buoyed by optimism over a potential trade deal with China, with Strategy’s stock up 40% year-to-date amid the rally.
- Saylor’s Bullish Outlook: Despite the surge, Saylor believes Bitcoin hasn’t hit $150K yet because some major holders lack a long-term investment perspective, though he remains surprised at how quickly the U.S. has embraced BTC.
Michael Saylor, co-founder of Strategy, is at it again. The Bitcoin evangelist took to the X social media network to drop hints about another big Bitcoin purchase, potentially set to be announced on May 12. This comes just days after Strategy revealed a $180 million BTC acquisition last Monday, pushing the firm’s holdings to over 555,000 coins.
Strategy’s BTC Hoard Keeps Growing
Saylor’s Bitcoin buying spree isn’t slowing down. The company now holds 555,000 BTC, a number that’s been climbing faster than new coins are being mined. According to CryptoQuant CEO Ki Young Ju, “Their 555K BTC is illiquid with no plans to sell. MSTR’s holdings alone mean a -2.23% annual deflation rate — likely higher with other stable institutional holders.”
Meanwhile, other corporate giants like Metaplanet and Mara Holdings are also stacking more Bitcoin, adding fuel to the institutional buying frenzy. But not everyone’s thrilled. Casa’s Jameson Lopp commented, “The only way to slow Saylor’s Bitcoin accumulation is to encourage other entities to run the same playbook and price him out.”
Bitcoin Nears $105K — Eyes New All-Time High
Bitcoin is inching closer to its all-time high of $109,300, a level it last touched in January. Currently, the leading cryptocurrency is trading just 4% below that mark, buoyed by renewed optimism around a potential trade deal with China.
Data from CoinGecko shows that BTC’s price surge has also boosted Strategy’s stock, which is up nearly 40% year-to-date. But Saylor thinks there’s still plenty of room for growth. “Bitcoin hasn’t hit $150K yet because some of the biggest holders don’t have a long-term mindset,” he said recently. Saylor also expressed surprise at how quickly the U.S. has embraced Bitcoin, a trend that could further bolster his bullish outlook.
What’s Next for Saylor and Strategy?
With another potential Bitcoin purchase on the horizon and BTC flirting with new highs, all eyes are on Saylor and Strategy. If the May 12 announcement confirms another major acquisition, it could send shockwaves through the market — and possibly push BTC past its January peak.
For now, the focus remains on Bitcoin’s key resistance level at $109,300. A breakout above that point could set the stage for a run to $150,000 — a level Saylor has been eyeing for months.
