Strategy, a major tech firm engaged in developing business intelligence software, is preparing for another Bitcoin ($BTC) purchase.
Chairman and co-founder of Strategy, Michael Saylor, hinted at the next Bitcoin acquisition in a recent post on social media.
As highlighted in the latest reports, Saylor shared a screenshot displaying the present Bitcoin holding of Strategy. Along with the screenshot, he penned a message hinting toward his intent to add more Bitcoin ($BTC) to the existing ones.
At the moment, the Bitcoin holdings of Strategy are valued at 553,000 $BTC, which equals around $52.8B. However, the latest hint to boost these holdings has sparked speculation among enthusiasts.
As the previous track record of Strategy suggests, such messages usually precede massive Bitcoin purchases. Hence, this hint indicates that the firm is preparing to buy more $BTC coins, which is raising the expectations of the investors.
Strategy Plans $BTC Accumulation Amid Minor Dip
At press time, Bitcoin is trading at $94,446.38, indicating a 1.57% decrease over the past 24 hours. However, over the seven-day period, it has experienced a 0.39% increase, and over the past month, Bitcoin has achieved a 12.86% rise.
The short-term dip in the crypto price might be a key factor leading Strategy to increase its $BTC holdings.
Therefore, the company is attempting to use the discounted prices as an opportunity to broaden its Bitcoin holdings to 600,000 $BTC. This would account for over 2.5% of the total Bitcoin supply. Moreover, the move could serve as a sentiment booster for investors to let more money into the market.
