Michael Saylor’s Strategy Accumulates 639,835 BTC Worth $70.01 Billion
Michael Saylor, executive chairman of MicroStrategy (recently rebranded to Strategy), has revived the company's Bitcoin Tracker. This chart indicates the company's aggressive Bitcoin acquisition strategy.
Bitcoin Tracker Highlights
- The Tracker shows Strategy's total Bitcoin holdings at 639,835 BTC, valued around $70.01 billion.
- The orange dots on the tracker suggest potential future BTC purchases.
Market Analysis
- Analyst BitBull notes a recent drop in BTC Open Interest, marking a month-low and indicating market deleveraging, which may lead to a healthier Bitcoin market.
Future Bitcoin Price Projections
- Analyst Zynx suggests the current bull market is still in early stages, with BTC potentially reaching $151,000 to match its gold price ratio peak.
- The $300,000 target for BTC is deemed realistic if historical patterns repeat.
- Macro factors, like the US Business Cycle Institute metrics, are being used to predict BTC's peak timing.
