Strategy’s Michael Saylor Hints at Upcoming Bitcoin Acquisition

     

Company’s BTC holdings show over $20B in unrealized gains, data reveals.

Strategy co-founder Michael Saylor has hinted at another Bitcoin purchase by the company, sharing a BTC price chart in a post that marks the eighth consecutive week of acquisitions during its current buying spree.

Saylor, who has 4.4 million followers on X, captioned the chart with, “Orange is my preferred color.” His following has grown steadily as Strategy’s Bitcoin accumulation strategy has placed him and the company in the media spotlight.

The most recent buy occurred on May 26, when Strategy acquired 4,020 BTC worth around $427 million at the time, bringing the firm’s total holdings to 580,250 BTC.

According to Bitcoin Treasuries, this makes Strategy the largest known Bitcoin holder, with more BTC than both the U.S. and Chinese governments combined.

Many in the market now view Strategy as a Bitcoin proxy investment due to its aggressive accumulation strategy. CrytoQuant analyst Ki Young Ju noted that Strategy’s continued purchases are impacting market trends, while executives at Sygnum Bank suggested that ongoing institutional buying may cause a supply shock, pushing BTC prices higher.

Debate Grows Over Strategy’s Lack of Proof of Reserves.

While some industry figures like Adam Livingston describe Strategy as a rising financial powerhouse, others are skeptical about the company’s reported BTC holdings.

Concerns have been raised about the absence of regular proof of reserve audits. Critics argue this makes it unclear whether Strategy truly holds all the Bitcoin it claims.

Responding to Saylor’s recent post, one user commented, “No proof of reserves is your preferred ‘trust me bro.’ When mempool? Or [are you] too scared to show that you do not have Bitcoin, but instead paper Bitcoin?”

Saylor defends the company’s stance, stating that reserve audits can pose security risks for large corporations by exposing wallet data and drawing attention from potential malicious actors.

This concern around public blockchain transparency is frequently mentioned by business leaders as a key barrier to institutions conducting their operations fully onchain.