Did MicroStrategy Buy Bitcoin Over the Weekend? Rumors Point to a Major BTC Accumulation!
The post Did MicroStrategy Buy Bitcoin Over the Weekend? Rumors Point to a Major BTC Accumulation! appeared first on Coinpedia Fintech News
Michael Saylor’s MicroStrategy is at it again, with rumors swirling about a potential Bitcoin buying spree over the weekend. Analysts speculate the company might acquire up to 100,000 BTC, aligning with the QQQ index rebalancing on Black Friday. Crypto enthusiasts are anticipating a major announcement on Monday, which could send ripples through the market.
Renowned analyst The ₿itcoin Therapist noted on X that this potential purchase follows a familiar pattern from MicroStrategy, where weekend hints often lead to massive acquisitions. He revealed if Michael Saylor announces an 88,800 BTC acquisition tomorrow, MicroStrategy’s Bitcoin treasury will hit 420,000 BTC, representing 2% of the total supply.
This marks a 25% increase in holdings, reinforcing the company’s aggressive Bitcoin strategy. Investors anticipate significant market impact and potential gains for $MSTR stock.
NEW: Michael Saylor said MicroStrategy needs to buy more #Bitcoin, after completing their $3 billion raise.
The last two times he said this, he bought billions the next day. 