Strategy signals another Bitcoin buy on June 2
Michael Saylor announced an impending Bitcoin acquisition by Strategy, marking eight consecutive weeks of purchases. The latest acquisition on May 26 involved 4,020 BTC, valued at approximately $427 million, increasing Strategy's total holdings to 580,250 BTC. This positions Strategy as the largest known Bitcoin holder, surpassing the combined holdings of the US and Chinese governments. The company's aggressive accumulation is influencing market dynamics, with potential supply shocks predicted by analysts. However, skepticism exists regarding Strategy's reported Bitcoin reserves due to a lack of regular proof of reserve audits. Critics question the authenticity of their holdings, while Saylor defends the absence of audits as a measure to protect institutional wallets from unwanted scrutiny.
