Strategy’s Saylor Teases New Bitcoin Purchases as BTC Price Approaches New ATH

Strategy co-founder Michael Saylor has taken to the X social media network to tease yet another Bitcoin purchase that will likely be announced on May 12. 

As reported by U.Today, Strategy announced a $180 million Bitcoin purchase last Monday. 

The total number of coins held by the company now stands at more than 555,000 coins. Notably, the company is buying Bitcoins at a faster rate than they are actually being mined. 

“Their 555K BTC is illiquid with no plans to sell. MSTR’s holdings alone mean a -2.23% annual deflation rate—likely higher with other stable institutional holders,” CryptoQuant CEO Ki Young Ju said.

Other corporate players, such as Metaplanet and Mara Holdings, also keep buying more coins. 

“The only way to slow Saylor’s Bitcoin accumulation is to encourage other entities to run the same playbook and price him out,” Casa’s Jameson Lopp said on on the X social media network. 

The company’s stock has risen by nearly 40% on a year-to-date basis. 

Meanwhile, the leading cryptocurrency is steadily approaching the $105,000 mark amid renewed optimism surrounding a potential trade deal with China. 

According to data provided by CoinGecko, Bitcoin is just 4% away from reaching the all-time high that was logged in January. 

Recently, Saylor opined that Bitcoin has yet to reach $150,000 because some of the leading cryptocurrency holders lack a long-term investment mentality. He also stated that he was surprised by the fact that the US has moved to embrace Bitcoin at such a rapid pace.