Michael Saylor signals another Bitcoin buy amid market rout
The purchase will mark week 12 of consecutive buys by Strategy, which continues accumulating BTC despite a sharp decline in the company’s stock price.
Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy, signaled that the company is acquiring more BTC amid the ongoing market dip, marking week 12 of a consecutive buying streak.
Saylor posted the Strategy BTC accumulation chart via the X social media platform on Sunday. The chart has become synonymous with BTC purchases made by the company, which is touting its upcoming 99th BTC transaction.
Strategy’s most recent BTC purchase occurred on Feb.9, when the company bought 1,142 BTC for more than $90 million, bringing its total holdings to 714,644 BTC, valued at about $49.3 billion using market prices at the time of publication.