Michael Saylor bitcoin signal points to ongoing buying as Strategy steps up accumulation

Investors watched closely as the latest Michael Saylor bitcoin comment suggested Strategy is not slowing its aggressive accumulation of the leading cryptocurrency.

New tweet hints at fresh BTC buying

“Thinking about buying more bitcoin,” tweeted Strategy Executive Chairman Michael Saylor on Thursday morning, offering another public hint that the company plans further purchases.

Strategy makes weekly BTC purchases, and Saylor typically posts about acquisitions on weekends. However, this time, the message arrived mid-week, drawing extra attention from traders already focused on the company’s buying rhythm.

As bitcoin (BTC) $89,139.17 consolidates below the $90,000 level following its decline this week, Strategy (MSTR) Executive Chairman Michael Saylor indicated there will be continued acquisition of the cryptocurrency. Moreover, the timing of the post reinforced expectations that the firm will keep deploying capital.

Strategy ramps up BTC accumulation

Strategy has added to its BTC holdings nearly every week for many months, cementing its role as one of the largest corporate holders of the asset. That said, the recent pace of purchases has accelerated compared with earlier in 2024.

In the past two weeks the company purchased roughly $3.4 billion of bitcoin, raising funds from a combination of common and preferred stock sales. Moreover, the strategy underscores how the firm continues to lean on equity markets to expand its exposure.

The company’s holdings as of Monday stood at 709,715 coins worth more than $60 billion. However, the ultimate value of that stash will continue to fluctuate with the volatile BTC price.

Unusual timing and market reaction

The post came mid-week; for months Saylor had typically previewed purchases with a weekend tweet referencing orange dots, signaling a Monday announcement of a fresh BTC acquisition. That said, the change in pattern may simply reflect internal funding or execution timing rather than a new policy.

MSTR shares were down 1.4% on Thursday as bitcoin held just above the $89,000 level. Moreover, the modest decline in the stock suggested equity investors had largely priced in Strategy’s ongoing BTC buying program.

In summary, the latest Michael Saylor bitcoin tweet, coupled with multi-billion-dollar purchases over the past two weeks, confirms that Strategy remains committed to expanding its already massive BTC position despite recent price consolidation.