Michael Saylor of MicroStrategy to Announce $1 Billion Bitcoin Purchase, Posts Saylor Tracker Chart

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. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant