Do you receive more Bitcoin? Michael Saylor drops tips for purchasing new crypto

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4 Min Read
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MicroStrategy (now rebranded as Strategy) is set to continue to pile up on Bitcoin next week. The company’s founder, Michael Saylor, shared a snapshot of X’s Strategic Portfolio Tracker. This is the move I made the night before all my purchases. Based on the report, this will allow you to purchase seven times a week in a row.

Strategies continue to buy

According to The Tracker, the post was posted by Saylor, and Strategy holds 576,230 BTC. The stash is worth around $62 billion at its current price. This is just a small portion of the roughly 20 million coins of Bitcoin in circulation, but it’s a big bet for one company. Last week, May 16th, the strategy added 7,390 BTC for $764 million.

Big numbers for trackers

Investors have already seen six recent purchases of this tracker signal. Every time, the market got a short-lived boost. Bitcoin hit a fresh all-time high before it returned. Currently, it is hovering at nearly $106,000. It fell by about 5% over the past week as traders earned profits and global economic worries creeped up.

What does this mean for Bitcoin?

A fresh strategy purchase can again increase the price. About 7,000 BTC is only 0.04% of total supply. But on thin trades, or on quiet news days, you can move the needle. Typically, a large gathering requires multiple companies. An influx of ETFs, a large banking movement, or a more clear US rule could have more weight.

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BTC is currently trading at $109,937. Chart: TradingView

Market reactions and risks

Short sellers are already busy. High-risk trader James Wynn has long shut down $1.2 billion in Bitcoin and opened a new short position. He was among those who bet on Bitcoin, which would soon hit 121K. Now he has turned his stance over. Such a trade war could be added to the swing.

Image: BCB Group

Institutional demand vs. broader trends

Michael Saylor’s line reminds me of the risk: “I’m just buying bitcoin with money I can’t afford to lose.” In-facility purchase help. They show that they still have faith in big players. But they cannot tame the wider adoption or the natural volatility of Bitcoin.

Looking ahead

Analysts are closely watching Saylor’s next move. Based on past patterns, his tracker post means that a purchase is imminent. It remains to be seen whether it will cause a new rally or just a short bump. For now, the market is waiting. A steady march of strategy adds another layer to the Bitcoin story.

Pexels featured images, TradingView charts

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