Bitcoin in Focus: Strategy’s Michael Saylor Drops New BTC Chart After One Week
Following a brief pause, Strategy co-founder Michael Saylor has hinted at another Bitcoin purchase, reinforcing the company’s aggressive accumulation approach. Saylor posted the SaylorTracker chart to his 4.1 million followers on X yesterday, writing, “Death to the blue lines. “Long live the green dots,” sparking concerns about another huge Bitcoin acquisition. According to SaylorTracker, Strategy (previously MicroStrategy) presently owns 471,107 BTC, worth around $45.3 billion. The most recent addition to its corporate treasury occurred on Jan. 27, when the company purchased 10,107 BTC, extending its long-term bullish bet on the leading cryptocurrency. Strategy’s Rebranding and Bitcoin-First Approach Strategy rebranded from MicroStrategy on Feb. 5, adopting a BTC-inspired logo and color palette to reflect its core purpose better. Along with the rebranding, CEO Phong Le highlighted the company’s commitment to two of the most revolutionary technologies of the twenty-first century, Bitcoin and artificial intelligence. Also read: Bitcoin Strategic Reserve Explained “Strategy is innovating in Bitcoin and artificial intelligence, two forces that are transforming the global economy. “Our new name reflects our vision for a digital-first financial future,” said Le during the rebranding ceremony. The redesign aligned with the company’s Q4 2024 financial report, which showed a $640 million quarterly loss and a 3% year-over-year drop in software revenue to $120.7 million. However, this did little to halt Strategy’s BTC accumulation spree. In Q4 2024, the corporation completed its most quarterly BTC buys to date, adding more than 195,000 BTC to its balance sheet. Despite a drop in stock price, currently selling at roughly $327 per share, down nearly 40% from its November 2024 high of $543, Strategy remains optimistic about Bitcoin’s long-term future. The business has identified several bullish triggers predicted to promote Bitcoin usage and value appreciation in 2025. Also read: US Lawmakers Tighten Grip on Stablecoins to Reinforce Dollar Hegemony These catalysts included a potential framework for digital assets in the United States, political support for Bitcoin, improvements to existing BTC exchange-traded funds (ETFs), and growing institutional adoption. BTC Market Movement and Strategic Positioning Saylor’s most recent BTC-related post corresponds with BTC’s drop below $96,000 earlier in the day before rising above $96,500, according to CoinGecko. Despite the volatility, BTC remains above its 200-day exponential moving average (EMA), which is an important technical indication of market strength. Also read: Telegram’s Exclusive TON Integration Sparks Debate Over Decentralization Concerns As Saylor implies a possible continuation of Strategy’s BTC acquisitions, all eyes are on whether the company will make another large acquisition soon. With almost $15 billion in unrealized gains from its BTC holdings, Strategy is proving to be one of the most loyal corporate supporters of Bitcoin’s future.