Strategy, a big tech firm developing business intelligence software, is getting ready for another Bitcoin ($BTC) buyout. In a recent post shared on social media, Michael Saylor, the chairman and co-founder of Strategy, has hinted toward the next Bitcoin acquisition by sharing screenshot of the $BTC holdings of the platform. This hint has raised significant speculation across the community concerning a potential $BTC buyout by Strategy in near term.
Strategy Chairman Hints to Buy More Bitcoin in the Near Term
The reports point out that Saylor shared a screenshot showing the existing Bitcoin holding of Strategy alongside a caption. The caption reads “Too much blue, not enough orange,” highlighting Saylor’s intention to add more Bitcoin ($BTC) to the present holdings of the platform. At the moment, the Bitcoin holdings of Strategy account for 553,000 $BTC, equaling up to $52.8B in approximate cash value.
However, the latest hint to boost these holdings has sparked a wave of speculation among the enthusiasts. As the previous track record of Strategy suggests, such messages often come before massive Bitcoin purchases. This hint indicates that the firm is getting ready for acquisition of more $BTC coins, raising the expectations of the investors.
Strategy Plans $BTC Accumulation Amid Minor Dip
Such notable developments could likely influence the price of Bitcoin, positively contributing to the investor sentiment and loyalty. At present, Bitcoin is changing hands at $94,446.38, indicating a 1.57% dip over past 24 hours. Nonetheless, the 7-day performance indicates a 0.39% rise. Moreover, throughout the recent month, Bitcoin has attained a 12.86% increase.
According to the reports, the current short-term dip might be a key factor leading Strategy to increase its $BTC holdings. Thus, the company potentially attempts to leverage the discounted prices as an opportunity to broaden Bitcoin holdings to 600,000 $BTC. This would reportedly account for more than 2.5% of the total Bitcoin supply. Moreover, the move could underscore a notable sentiment booster for investors to let more money into the market.
