Strategy teases Bitcoin purchase once again. Michael Saylor shared a cryptic tweet on Sunday, attaching the company’s well‑known Orange Dots chart.
Consequently, this fueled speculations of a purchase announcement on Monday.
Why Strategy teases Bitcoin purchase now
On X, Saylor shared the graph with a caption: “Looks better with more dots.” Not long after, market movers quickly picked up on the post. They have seen similar comments from the Strategy co‑founder in the past before new BTC purchases.
The new tip follows another Bitcoin acquisition of approximately $100 million that Strategy announced just days ago. Therefore, the company remains the largest corporate owner of the asset. Moreover, it has been steadily increasing its stake despite scrutiny over its financing methods.
Saylor points to stronger financials
Michael Saylor pointed to the company’s better financials earlier this week. Specifically, he said that the total amount of Bitcoin Strategy holds and has in the bank now equals its debt load of about $48 billion. He also said the company has secured over $60 billion in extra capital since 2022. Consequently, it used that capital to invest in Bitcoin.
Saylor drew parallels between now and the crypto bear market of 2022. For context, Bitcoin was valued at about $20,000 at the time, and Strategy owned approximately 130,000 BTC worth about $2.6 billion. The company’s debt even exceeded the value of its Bitcoin and cash reserves as Bitcoin later fell below 16,000. Over the same period, Strategy′s stock dropped from a split‑adjusted price of around $24 to close at nearly $13 by year‑end.
Investor debate continues
The Bitcoin buy speculation resumes amid investors’ debate of Strategy’s aggressive accumulation model. Specifically, investors have raised doubts about the company’s policy of buying more BTC through security sales, such as MSTR and STRC shares. Notably, the STRC shares have fallen to a record low lately, with the shares outpacing its $100 par value.
US-Iran meeting in Switzerland boosts crypto sentiment
Meanwhile, general market interest is largely on geopolitical news. For example, on Sunday, Iran confirmed that it will meet U.S. officials in Switzerland after negotiations originally planned for June 19 were delayed. Mediators from Qatar and Pakistan will attend.
There has been a rise in momentum toward a U.S.-Iran deal prior to the negotiations. The talks are occurring amid growing tensions between Israel and Hezbollah. Therefore, they come at a crucial time for financial markets around the world.
Hopes of resolution during the meeting pushed Bitcoin price above $64,000 again.
