Michael Saylor, chairman of Strategy, hinted at possible new Bitcoin purchases in the near future. This announcement has sparked interest among investors.
Potential New Bitcoin Purchases
Saylor posted a chart showing the company's Bitcoin acquisitions with the caption "*connect the dots.*" This statement has led to speculation about potential announcements of new acquisitions by May 12.
Company's Historical Strategy
Strategy has been on a Bitcoin acquisition spree for months, with the latest purchase publicly disclosed on May 5, amounting to $180 million. Currently, Strategy holds 555,450 BTC worth $58.21 billion, with a cost basis of around $38 billion.
Future of Bitcoin and Market Impact
Saylor noted that purchasing Bitcoin now could drive it to a new all-time high. Furthermore, he believes that small companies could play a significant role in Bitcoin's growth as they begin to adopt the asset in their financial strategies.
The ongoing Bitcoin acquisitions by Strategy and Michael Saylor's conviction in the asset's future continue to generate interest within the cryptocurrency community. Such actions could impact market dynamics and open new opportunities for smaller companies.
