Michael Saylor, chairman of Strategy, hinted at plans for a significant increase in Bitcoin holdings this week. Strategy has been aggressively accumulating Bitcoin, and Saylor stated that shorting Bitcoin would be unwise at this time.
Bitcoin Acquisition by Strategy
Saylor, who has established himself as one of the largest Bitcoin bulls, previously noted the success of his company due to its BTC investments. Strategy has taken advantage of Bitcoin prices dipping below $100,000 and has maintained this trend during the recent market recovery.
Market Performance and Positioning
Strategy has maintained its leading position in Q1 2025, thanks to an aggressive dollar-cost averaging approach. Currently, the company holds approximately 569,000 BTC, having more than doubled its holdings over the last nine months. Saylor emphasized Strategy's dominant position in the market, surpassing other companies like Tesla and Nvidia with a 178% return over the year.
Growth Prospects and New Bitcoin Records
Bitcoin experienced low volatility and sideways price movements last week, but this may be changing. In the past 24 hours, Bitcoin's price surged over 2.5%, nearing $106,000. This rally may be partially fueled by optimism surrounding a potential major purchase by Strategy. On-chain data reveals that the bullish trend was largely driven by spot inflows, increasing the likelihood of further price increases.
Thus, in light of a potential major purchase of Bitcoin by Strategy, the upward trend in cryptocurrency prices may continue, bringing Bitcoin closer to new historical highs.
