Michael Saylor Hints at New Bitcoin Buy as Strategy Holdings Near 600K BTC

In Brief:

Saylor posted a cryptic signal suggesting another BTC purchase by Strategy.

Firm now holds ~592,100 BTC worth over $60B, or 2.8% of total supply.

Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has again hinted at a potential Bitcoin acquisition with a cryptic post on X: “Nothing Stops This Orange,” paired with a BTC price chart. The post aligns with a recurring pattern preceding SEC filings for large Bitcoin buys by the firm. Strategy currently holds approximately 592,100 BTC, valued at over $60 billion, making it the largest corporate holder globally. Saylor has also made bold predictions, claiming Bitcoin could reach $21 million in value over the next 21 years. However, critics like investor Jim Chanos argue that Strategy’s reliance on convertible debt may pose financial risks if Bitcoin drops and debt fails to convert. While some remain bullish on BTC, scrutiny of Saylor’s corporate strategy is growing.

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