Michael Saylor signals BTC buy as Strategy’s stack slips 10% into the red
Michael Saylor’s Bitcoin-holding company Strategy has already purchased more than $2.9 billion worth of the cryptocurrency this month.
Strategy executive chair Michael Saylor has hinted that his company bought more Bitcoin despite a market tumble over the weekend that has now pushed his company’s Bitcoin bet into a 10% loss.
“The Orange March Continues,” Saylor posted to X on Sunday, alongside a chart showing Strategy’s roughly $52 billion worth of Bitcoin (BTC) purchases since August 2020.
Saylor often posts the chart as a signal that his company has bought, or plans to buy more Bitcoin and it is often seen as a bullish signal for investors.