Michael Saylor Drops Hint On Resuming Bitcoin Buy This Week
The post Michael Saylor Drops Hint On Resuming Bitcoin Buy This Week appeared on BitcoinEthereumNews.com. Bitcoin advocate Michael Saylor has hinted at another Bitcoin acquisition by Strategy yet again. For this, he posted one of his favorite market signals on social media. Michael Saylor Teased New Bitcoin Buy For Strategy Strategy Executive Chairman Michael Saylor shared a post on X on Sunday, May 31, captioned “Working Better.” The Orange Dots chart, which Saylor has shared over many times when announcing new Bitcoin purchases, accompanied this message. Strategy’s Orange Dots Chart. Source: Michael Saylor | X The post arrives days after the unusual buying deviation of Strategy from its normal buying pattern. The firm didn’t buy more Bitcoin right away, but instead it had made a major debt management deal with its convertible notes outstanding. Last week, Strategy acquired the entire $1.5 billion principal amount of the 0% Convertible Senior Notes that are due in 2029. The company pa