Michael Saylor hints at another massive Bitcoin acquisition, marking the 13th consecutive purchase streak for Strategy. The firm currently holds 640,808 BTC with unrealized gains of $23.6B.
Could this next buy push BTC above $110K again?
The bitcoin market is very logical but easy to go with when you don't underestimate any of the trajectory trending volatilities.
Perhaps Michael Saylor understands the concept which is why they could buy even at the bottom.
Just an information, the Strategies accumulating process is not a primary focus to push the bitcoin price upwards but to accumulate as much number of bitcoins to their portfolio believing the price will rise in uncertainty or in the long run since they are not selling anytime soon.
Although their accumulating pressure could influence volatilities to push price upwards since they usually buys bulk of bitcoins. But at this very time, it can not be assured that their currently purchase could jet the price but anything can happen.