Meerab
06/16 05:58

Strategy has again hinted at an imminent Bitcoin acquisition after Michael Saylor shared the company’s portfolio tracker for the tenth week. The tracker, which has been posted before Strategy’s purchases, demonstrates a gradual increase in Bitcoin holdings. As the BTC prices face pressure, another institutional buy could boost the short-term market sentiment.
Michael Saylor, Strategy chairman, continues to promote weekly updates that are often followed by BTC accumulation actions. The company already holds 582,000 BTC, which is estimated at $61 billion at current market prices. These repetitive signals have turned out to be an identifiable indicator of actual Bitcoin purchase
Strategy follows a clear dollar-cost averaging model and accumulates Bitcoin at different prices across multiple market cycles. The first four years saw the firm purchase 226,000 BTC, while weekly buys since then have added 335,000 BTC. Last week, Strategy added 1,045 BTC to its balance sheet at an estimated cost of $110 million.
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