When it comes to big Bitcoin bets, MicroStrategy — now known simply as Strategy — isn’t showing any signs of slowing down.
Michael Saylor, the company’s founder and biggest Bitcoin cheerleader, has been sharing updates on their Bitcoin holdings almost like clockwork.
Next week looks like it will mark yet another purchase, continuing their streak of weekly buys.
Strategy’s Bitcoin Hoard Grows Larger
According to Saylor’s latest post on X (formerly Twitter), Strategy currently owns a staggering 576,230 Bitcoins.
That’s a massive pile, worth roughly $62 billion at today’s prices.
While it’s only a fraction of the approximately 20 million Bitcoins out there, it’s a huge bet for just one company.
Just last week, on May 16, Strategy added 7,390 BTC to their stash, shelling out around $764 million for it.
How The Tracker Moves Markets
Investors have been watching Saylor’s Bitcoin tracker with keen eyes.
Every time he shares one of these updates, signaling a fresh purchase, Bitcoin prices tend to jump — at least for a little while.
The cryptocurrency even hit a new all-time high recently before pulling back slightly.
Right now, Bitcoin is trading around $106,000, down about 5% over the past week as traders cashed in some profits and broader economic concerns started creeping back into the picture.
What Could Another Buy Mean?
So what happens if Strategy goes ahead with another purchase? Adding roughly 7,000 BTC might sound huge, but it’s only about 0.04% of the total Bitcoin supply.
Still, during quieter trading days or low news flow, moves like this can shift market sentiment.
That said, bigger and longer-lasting price rallies usually need more than one firm jumping in.
Things like ETF inflows, major bank involvement, or clearer U.S. regulatory guidance tend to have a bigger impact.
The Market’s Mixed Reactions and Risks
Meanwhile, not everyone is betting on Bitcoin going up.
Some traders are doubling down on short positions.
Take James Wynn, for example — he recently closed a $1.2 billion long position and opened a new short one, flipping his stance after previously betting Bitcoin would hit $121,000 soon.
These kinds of aggressive trades can add to the volatility and wild price swings we often see.
Institutional Interest Versus Bitcoin’s Wild Ride
Saylor’s candid reminder — “I only buy bitcoin with money I can’t afford to lose” — is a helpful dose of realism.
Institutional buys like his show that major players still have confidence in Bitcoin’s long-term potential.
But such moves can’t completely smooth out Bitcoin’s inherent ups and downs or replace the need for broader adoption among everyday users.
Eyes on the Next Move
All eyes will be on Saylor and Strategy as analysts await the next official buy.
If history is any guide, his posts mean another purchase is just around the corner.
Whether it sparks a fresh rally or just a small bump remains to be seen, but one thing’s for sure — Strategy’s steady accumulation is becoming an important part of the Bitcoin story, even as investors brace for what’s next.