#SaylorBTCPurchase

Michael Saylor, of Strategy, points to an imminent Bitcoin purchase.

According to data from SaylorTracker, Strategy's investment in BTC has increased by more than 50%, representing unrealized capital gains of over USD 20 billion.

The co-founder of Strategy, Michael Saylor, posted the Bitcoin (BTC) chart indicating an imminent acquisition of BTC by the company, marking the eighth consecutive week of purchases by the company during this latest buying spree.

"Orange is my favorite color," Saylor wrote to his 4.4 million followers on X, a number that has been steadily increasing over the last two years as the co-founder of Strategy captures media attention due to the company's corporate treasury plan.

The company's most recent Bitcoin acquisition, on May 26, of 4,020 BTC, valued at around USD 427 million at the time of purchase, raised Strategy's total holdings to 580,250 BTC.

According to data from Bitcoin Treasuries, this makes Strategy the largest known holder of Bitcoin, as the company's BTC holdings eclipse the amount of BTC held by the governments of the U.S. and China combined.

Strategy has become synonymous with Bitcoin, and many traders consider it a bet on the digital asset.

The rapid accumulation of BTC by the company is already disrupting market dynamics, according to Ki Young Ju, an analyst at CrytoQuant. Institutional buying could also trigger a supply shock, sending BTC prices up, according to executives from the crypto-native Sygnum Bank who spoke to Cointelegraph.

#CEXvsDEX101 #TradingTypes101 #SaylorBTCPurchase #FTXRefunds

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