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Saylor’s Strategy Resumes Bitcoin Accumulation Spree After Last Week’s Sale

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After hinting on Sunday that the company he co-founded and spearheaded for years has resumed its BTC acquisitions, Michael Saylor made it official minutes ago, indicating that Strategy has purchased 1,550 BTC for just over $100 million (at an average price of $65,332).

Its total stash has grown to 845,256 units, acquired at an average price of $75,680. Given bitcoin’s substantial crash to under $64,000 now, this means that the firm is still deep in the red on its position, with a current paper loss of over $10 billion, just north of the recent record of around $12.5 billion.

The company has also increased its USD reserve by $100 million, bringing it to $1 billion. Recall that Strategy disposed of a tiny portion of its BTC holdings last week for the first time since 2022, which increased scrutiny and led to some market-wide FUD.

Numerous crypto analysts and commentators weighed in on the move, with many warning that if Strategy continues to sell, it could be detrimental to the cryptocurrency’s already fragile price.

However, Michaël van de Poppe reassured that if it was a one-time sale and Strategy resumes its accumulation, this FUD narrative dies.

Meanwhile, Saylor published a detailed post regarding how he sees bitcoin’s future. He believes the network and the digital asset will see four camps consisting of Maximalists, Capitalists, Technologists, and Fundamentalists, each opting for a different priority in how BTC should evolve.

A publicação Saylor’s Strategy Resumes Bitcoin Accumulation Spree After Last Week’s Sale apareceu primeiro em CryptoPotato.

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