MicroStrategy CEO Michael Saylor has signaled another potential Bitcoin purchase, coinciding with a period of market weakness for both the cryptocurrency and the company's stock. Bitcoin's price has seen a significant decline, trading around $66,200, down approximately 20% over the past month.
Saylor posted a Bitcoin accumulation chart on social media, captioned "The Turn of the Century," suggesting the company is poised for another acquisition. This follows MicroStrategy's 100th Bitcoin purchase in February, where it acquired 592 BTC valued at over $39.8 million, bringing its total holdings to 717,722 BTC.
Despite recent market fluctuations, Saylor has consistently leveraged price pullbacks as opportunities to accumulate Bitcoin, reinforcing MicroStrategy's long-term treasury strategy. The company's stock, MSTR, has also experienced a notable drop, trading near multi-month lows.