Michael Saylor Signals Another Bitcoin Acquisition for Strategy: Details

Michael Saylor, co-founder of Strategy, has once again hinted at an impending Bitcoin acquisition by the company, sharing a Bitcoin chart on X and famously stating, “Orange is my preferred color.” This signals the eighth consecutive week of purchases by the firm, underscoring its unwavering commitment to the leading crypto. Saylor has seen his influence steadily grow over the past two years, largely due to Strategy’s aggressive corporate treasury strategy centered around Bitcoin . Strategy Bitcoin Acquisition The company’s most recent Bitcoin acquisition on May 26 saw it add 4,020 BTC, valued at approximately $427 million at the time of purchase. This brought Strategy’s total holdings to a staggering 580,250 BTC. According to data compiled by Bitcoin Treasuries, this positions Strategy as the single largest known Bitcoin holder. Its BTC reserves significantly outweigh the combined holdings of the US and Chinese governments. CryptoQuant analyst Ki Young Ju suggests that the company’s rapid accumulation is already reshaping market dynamics, while executives from crypto-native Sygnum Bank have indicated that this institutional buying could trigger a supply shock, potentially driving BTC prices higher. While authors like Adam Livingston have characterized Strategy as an emerging financial superpower due to its substantial Bitcoin holdings, not all investors are entirely convinced by the reported accumulation figures. Scrutiny Over Holdings and Transparency Concerns A growing segment of market participants has expressed skepticism and suspicion regarding Strategy’s reported Bitcoin treasury , citing a notable absence of regular proof-of-reserve audits. This lack of transparency has led some to question the veracity of the company’s claims. One individual, responding to Saylor’s recent acquisition post, directly challenged him, stating that “No proof of reserves is your preferred ‘trust me bro,'” and further questioned the presence of the Bitcoin on the mempool or if it was merely “paper Bitcoin.” In response to such criticisms, the Strategy co-founder has consistently argued that conducting proof-of-reserve audits for large enterprises and institutions carries inherent risks. He contends that such audits could expose the institutions’ wallets to unwanted tracking and attention from potential threat actors. The post Michael Saylor Signals Another Bitcoin Acquisition for Strategy: Details appeared first on TheCoinrise.com .