Strategy's Michael Saylor hints at buying the Bitcoin dip

Strategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) acquisition by the institution amid the caller dip from the all-time precocious of $112,000 reached connected May 22.

"I lone bargain Bitcoin with wealth I can't spend to lose," Saylor wrote to his 4.3 cardinal followers successful an X post.

The company's astir caller acquisition of 7,390 BTC connected May 19, valued astatine astir $765 million, brought Strategy's full holdings to 576,230 BTC.

If Strategy completes the acquisition connected May 26, it volition people the company's seventh consecutive week of Bitcoin purchases.

Strategy’s Bitcoin purchases implicit clip and large metrics. Source: SaylorTracker

Strategy has go synonymous with Bitcoin, arsenic the institution continues stacking ample amounts of BTC for its firm treasury and inspiring different companies to pivot to a Bitcoin treasury plan, creating a sustained request for the integer plus from organization players and helping bolster the terms of BTC.

Related: Jim Chanos takes opposing bets connected Bitcoin and Strategy

BTC to propel Strategy into a $10 trillion enterprise, leaving different companies successful the dust?

Market expert Jeff Walton precocious said that Strategy whitethorn go a $10 trillion company and perchance bid the rubric of the astir invaluable publically traded corp successful the satellite owed to its increasing Bitcoin stockpile.

“Strategy holds much of the champion assets, and the astir pristine collateral, connected the full satellite than immoderate different company, by multiples,” Walton told the Financial Times successful a documentary astir the company.

The expert added that astir companies typically look challenges raising hundreds of millions of dollars successful capital, but Strategy has been capable to rise billions of dollars successful nether 2 months.

Whereas astir companies would walk this superior to overhaul the accumulation process oregon connected operational costs, Strategy uses the depreciating fiat wealth raised from creditors and equity holders to acquisition a rapidly appreciating plus for its equilibrium sheet.

Michael Saylor antecedently forecasted that the terms of Bitcoin would scope millions of dollars per coin successful the coming decades, arguing that the supply-capped plus features an asymmetric upside against each fiat currencies that person nary proviso cap.

However, Bitcoin has struggled to scope the $150,000 level successful the abbreviated term. Saylor blamed the sluggish terms enactment connected investors taking profits prematurely and rotating retired of BTC owed to a deficiency of semipermanent conviction.

Magazine: Metric signals $250K Bitcoin is ‘best case,’ SOL, HYPE tipped for gains: Trade Secrets