Michael Saylor, the executive chairman of MicroStrategy Inc., is expected to announce a new purchase of Bitcoin, potentially amounting to $1 billion, according to multiple reports and his recent social media activity. Saylor posted his well-known “Saylor Tracker” chart, which has historically signaled upcoming Bitcoin acquisitions by MicroStrategy. He hinted at increasing Bitcoin holdings with a cryptic comment, “Too much blue, not enough orange,” suggesting a shift in his Bitcoin investment strategy. The anticipated purchase is scheduled for the following day, continuing MicroStrategy’s ongoing strategy of acquiring Bitcoin as part of its treasury management.
Source: thedefiant.io
