Strategy's Michael Saylor hints at buying the Bitcoin dip
Michael Saylor, co-founder of Strategy, indicated a potential Bitcoin purchase as the price dipped from its all-time high of $112,000. He stated he only buys Bitcoin with money he can afford to lose. Strategy's recent acquisition of 7,390 BTC on May 19 raised its total holdings to 576,230 BTC. If a purchase occurs on May 26, it will be the seventh consecutive week of acquisitions. Strategy is recognized for accumulating Bitcoin for its treasury, influencing other companies to adopt similar strategies, thus increasing institutional demand and supporting BTC prices. Analyst Jeff Walton suggested that Strategy could evolve into a $10 trillion enterprise due to its substantial Bitcoin reserves. Saylor anticipates Bitcoin could reach millions per coin in the future, attributing current price stagnation to premature profit-taking by investors.
