Steady Trend Suggests Continued BTC Buying
Aggressively Accumulating BTC Above $90,000
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On the 2nd, Saylor shared a chart from the 'Saylor Tracker' website on his X account, revealing plans for Strategy to soon acquire more Bitcoin.
The Saylor Tracker is a chart that records the moments of Bitcoin accumulation by Strategy with orange dots. Michael Saylor has shown a 'routine' of purchasing Bitcoin in the week following his Sunday share.
Saylor posted, "Orange is my favorite color." Indeed, in the Saylor Tracker he shared, there were numerous orange dots indicating he has been purchasing almost every week since Bitcoin exceeded $90,000.
Saylor's post was written at a time when Bitcoin entered a consolidation phase after setting consecutive new highs in the previous two weeks. Bitcoin surpassed $110,000 with institutional funds in the fourth week of May. Particularly, Bitcoin set new highs three times on the 22nd and 23rd. After setting new highs, Bitcoin dropped to $105,000 due to the disappearance of market positive factors and institutional fund outflows.
If Strategy acquires Bitcoin on the 2nd, it would mark 8 consecutive weeks of Bitcoin purchases.
Michael Saylor has continued his relentless Bitcoin accumulation since 2020. Currently, Strategy has generated over 54% returns from Bitcoin investments.
Reporter Seung-won Kwon ksw@blockstreet.co.kr
