Michael Saylor has given another hint pointing to an upcoming purchase of Bitcoin (BTC) by Strategy (formerly MicroStrategy). This institutional purchase is expected to trigger a rebound in the flagship cryptocurrency following a weekend of moderate prices.
A symbiotic relationship is forming between Bitcoin and MSTR, where both assets support each other. Consecutive purchases of Bitcoin have propelled it to an all-time high, while MSTR is reaping the benefits of aggressive BTC treasury operations.
MSTR has risen 126% in the last year, and Michael Saylor highlights the performance of Strategy's stock compared to its large tech rivals. MSTR has vastly outperformed the annual returns of Tesla (TSLA), Microsoft (MSFT), and Apple (AAPL).
In contrast, Bitcoin reports an annual return of 52.39%, driven by strong retail and institutional adoption. Michael Saylor's strategy: the purchase of Bitcoin is driving the entry of new corporate players into the sector, with 16 companies announcing Bitcoin treasury bonds last week.
The flagship cryptocurrency is currently trading at $105,998 at this moment, just shy of its all-time high of $111,970.