Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has hinted at another major Bitcoin (BTC) purchase by the company. On May 11, Saylor shared a screenshot of the firm’s Bitcoin portfolio tracker with the phrase “connect the dots” on social platform X, fueling speculation about imminent acquisitions.
Strategy, already the largest corporate Bitcoin holder with 555,450 BTC valued at over $58 billion, continues its aggressive Bitcoin accumulation strategy—a move that has inspired other firms, such as Japan’s Metaplanet, to follow suit. Recent weeks saw BTC surge over 10%, pushing its price past $100,000 for the first time since February, and currently trading just 4% below its all-time high of $109,021. Market sentiment, according to analysts at Santiment, remains strongly bullish, although such optimism can precede short-term corrections due to profit-taking from short-term holders.
Saylor’s social media hints typically precede official acquisition announcements, reinforcing MicroStrategy’s—and increasingly, corporate America’s—commitment to Bitcoin as a treasury asset. Institutional interest continues to grow, evidenced by bank Cantor Fitzgerald partnering with stablecoin issuer Tether on a $3 billion Bitcoin treasury initiative, and other corporate moves in the space.
MicroStrategy’s roadmap includes raising capital to fund more significant BTC acquisitions. Saylor continues to emphasize Bitcoin’s “apex capital strategy” role for companies, citing its potential for long-term growth despite market volatility. Market watchers note that such accumulation strategies from major players usually trigger bullish cycles, with institutional buying removing BTC from exchanges and structurally supporting its price over time.