Strategy’s Michael Saylor hints at resumption of Bitcoin purchases on Monday
The post Strategy’s Michael Saylor hints at resumption of Bitcoin purchases on Monday appeared on BitcoinEthereumNews.com.
Michael Saylor is ready to pull the trigger again. The co-founder of Strategy, formerly known as MicroStrategy, shared his usual Sunday Bitcoin chart on X today, teasing yet another purchase set for Monday. “Death to the blue lines. Long live the green dots,” Saylor said to his 4.1 million followers in the post, hinting at an end to the brief one-week pause in Bitcoin buying. Death to the blue lines. Long live the green dots. pic.twitter.com/SOtFHRoykd — Michael Saylor⚡️ (@saylor) February 9, 2025 Strategy, according to tracking platform SaylorTracker, currently holds 471,107 BTC. That stash is valued at $45.3 billion and includes the company’s January 27 addition of 10,107 BTC before the pause. Rebrand puts Bitcoin front and center On February 5, MicroStrategy shed its old identity and officially became Strategy and leaned into its Bitcoin-first reputation by adopting a Bitcoin logo. The company swapped its branding colors for Bitcoin-themed ones and made sure its marketing screamed pro-Bitcoin at every turn. Phong Le, Strategy’s CEO, said: “Bitcoin and artificial intelligence are the two most transformative technologies of the twenty-first century. Our new name powerfully, and simply, conveys the universal and global appeal of our company.” Strategy released its Q4 2024 earnings report on the same day it announced the rebrand and its software business pulled in $120.7 million in revenue—a 3% year-over-year drop. More notably, they posted a $640 million net loss for the quarter. Regardless, Q4 2024 became the company’s most aggressive quarter yet, with 218,887 Bitcoins worth $20.5 billion added to their pile. During the earnings call, Strategy presented shareholders with its roadmap for Bitcoin gains in 2025. They pointed to major catalysts, including the possibility of regulatory clarity in the US, stronger political support for digital assets, and improvements to Bitcoin ETFs as well as institutional investors.…
Filed under: News - @ February 9, 2025 10:11 pm