Michael Saylor, co-founder of Strategy, has once again stirred the cryptocurrency waters by hinting at another Bitcoin acquisition amid a recent dip. Just days after Bitcoin’s price hit an all-time high of $112,000 on May 22, Saylor took to Xpost to share his investment philosophy with his 4.3 million followers, stating, “I only buy Bitcoin with money I can’t afford to lose.” If Strategy follows through with another purchase today, it will mark the seventh consecutive week of Bitcoin buying for the company.
Strategy’s Steady Climb in the Bitcoin Market
Strategy’s relentless accumulation of Bitcoin has made it a dominant force in the crypto sphere. The company’s latest acquisition of 7,390 BTC on May 19, valued at nearly $765 million at the time, brought their total holdings to a staggering 576,230 BTC. This aggressive accumulation strategy has transformed Strategy into a beacon for other corporations considering a pivot to a Bitcoin-centric treasury model. As explored in Strategy’s $84B Bitcoin Expansion Plan, the company’s ambitious growth is backed by Wall Street analysts, further solidifying its influence in the market.
Market analyst Jeff Walton recently posited that Strategy might soon command a $10 trillion valuation, potentially becoming the most valuable publicly traded corporation globally. Walton remarked, “Strategy holds more of the best assets, and the most pristine collateral, on the entire planet than any other company, by multiples.” This sentiment underscores the company’s unique approach—eschewing traditional capital expenditure in favor of bolstering its balance sheet with Bitcoin, a rapidly appreciating asset.
The Saylor Effect and Market Dynamics
Saylor’s bullish stance on Bitcoin isn’t just about accumulation; it’s about a long-term vision. He has previously forecasted Bitcoin reaching millions of dollars per coin in the coming decades, citing the cryptocurrency’s capped supply as a key advantage over fiat currencies. However, despite his optimistic predictions, Bitcoin has struggled to surpass the $150,000 mark in the short term.
Saylor attributes this sluggish price action to investors prematurely taking profits and a lack of long-term conviction in Bitcoin’s potential. Yet, his unwavering commitment to Bitcoin is not without its critics. Skeptics argue that such concentrated holdings in a volatile asset could expose Strategy to significant risks, especially if market sentiment turns. This follows a pattern of institutional adoption, which we detailed in Strategy Raising Another $21B to Buy Bitcoin, highlighting the company’s continued financial maneuvers.
Meanwhile, Strategy’s approach has inspired a broader trend among institutional investors. The company’s consistent Bitcoin purchases have helped create a sustained demand for the digital asset, potentially driving its price higher. This move has not only bolstered Bitcoin’s market cap but also positioned Strategy as a trailblazer in corporate Bitcoin adoption.
What Lies Ahead?
As Strategy continues its Bitcoin buying spree, questions linger about the sustainability of this strategy and its broader implications for the cryptocurrency market. Will other corporations follow suit, further driving institutional demand? Can Bitcoin’s price maintain its upward trajectory amid profit-taking and market volatility?
Michael Saylor’s bold moves keep the crypto community buzzing with anticipation and speculation. His latest hint at buying the dip, if realized, could reaffirm Strategy’s commitment to its Bitcoin-centric strategy, further solidifying its role as a market leader. However, as with any market, the future remains uncertain, and only time will tell if Saylor’s vision will come to fruition.
In the ever-evolving world of cryptocurrency, Strategy’s journey serves as a compelling narrative of risk, reward, and the relentless pursuit of digital gold.
Source
This article is based on: Strategy's Michael Saylor hints at buying the Bitcoin dip
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
