tl;dr
Michael Saylor hinted at a new Bitcoin purchase by posting Strategy's portfolio tracker, signaling a potential increase in the company's Bitcoin holdings. Strategy recently acquired $427 million worth of Bitcoin, totaling over 600,000 BTC valued at $70.94 billion. Historically, major acquisitions by...
Michael Saylor recently hinted at an upcoming Bitcoin purchase by posting the Strategy (formerly MicroStrategy) portfolio tracker, signaling a potential increase in the company's Bitcoin holdings. Strategy's portfolio recently surpassed a key milestone after acquiring $427 million worth of Bitcoin, bringing its total to over 600,000 BTC valued at $70.94 billion.
Historically, every major Bitcoin acquisition by Strategy has been first announced on X by Saylor, suggesting that the latest post is an early indication of fresh buying activity. After halting a 12-week purchasing streak just as Bitcoin achieved new all-time highs, Strategy's Bitcoin reserve climbed to ninth place among U.S. corporate treasuries, even surpassing Nvidia.
Despite this impressive growth, some analysts, such as ex-Ripple developer Matt Hamilton, argue that Strategy’s portfolio could potentially double in value if Michael Saylor invested in XRP instead of Bitcoin. Over the past week alone, Bitcoin treasury firms led by Strategy increased their Bitcoin holdings by $810 million—an increase of over $300 million compared to the prior week.
This surge was driven by 21 corporations adding Bitcoin to their balance sheets between July 14 and 19. Additionally, seventeen treasury announcements and eleven ongoing fundraising operations indicate robust institutional interest in purchasing Bitcoin, pointing toward a continued wave of accumulation by major players in the market.