MicroStrategy is lacing up for a potential Bitcoin purchase

MicroStrategy is lacing up for a potential Bitcoin purchase after Michael Saylor flashed the tell-tale buy signal. The incoming purchase will be the company’s first in Q2

MicroStrategy (NASDAQ:MSTR) is getting ready for more Bitcoin, with CEO Michael Saylor dropping a tell-tale signal that the company will continue its Bitcoin accumulation.

Michael Saylor Drops Bitcoin Buy Signal

Saylor dropped clues that MicroStrategy will continue its Bitcoin spree in an X post on Monday. The software company CEO shared MicroStrategy’s portfolio tracker revealing the company’s Bitcoin holdings and valuations.

Michael Saylor’s previous posts sharing Megamitrostrategy’s portfolio tracker over the weekend have resulted in purchases at the start of the week. Investors are lapping up Saylor’s portfolio tracker post and the accompanying caption- ‘No tariffs on Orange Dots’ as cues for a BTC purchase on Monday.

This post comes after MicroStrategy had previously halted its Bitcoin purchase spree at the start of April. The move was met with raised eyebrows and led to a slump in MSTR price.

There was also significant chatter that MicroStrategy may be forced to sell its Bitcoin holdings to cover obligations following a dip in prices.

However, small gains in BTC price over the past week and Michael Saylor’s post at the start of the week may signal an incoming purchase from MicroStrategy.

MicroStrategy holds 528,185 BTC on its balance sheet valued at $44.7 billion, according to the portfolio tracker. The post comes after a small dip in prices with BTC holding the $83K mark.

Bitcoin Price To Rally Further?

Saylor’s hint at buying Bitcoin has triggered a small bump in prices as the top cryptocurrency surpassed $83K. However, an actual purchase will trigger significant price action for BTC in line with previous accumulations.

MicroStrategy’s last Bitcoin purchase of 22,048 BTC jolted the markets and came as investors had largely priced in an iteration.

However, there are fears that macroeconomic events like the US-China tariff war may affect a potential BTC rally following MicroStrategy’s incoming purchase.

Bitcoin price has rebounded after a previous bloodbath, sparking fresh optimism in the crypto markets.

Crypto Joao Wedson predicts that Bitcoin is not yet out of the woods and a grim drop to $65K is still a possibility for the top cryptocurrency.

“We’re not ruling out the possibility of the price dipping below $65K, as several metrics point to that region as strong support – such as the True Market Mean Price and Alpha Price, both sitting exactly around $64,700,” said Wedson.

Crypto analyst Doctor Profit warns that a BTC price drop to these levels may force MicroStrategy to sell MSTR to avoid liquidation.