- Strategy transferred $612.92 million in Bitcoin to new wallets, signaling potential for another imminent BTC purchase.
- Michael Saylor’s firm remains a dominant corporate Bitcoin holder, with holdings now valued over $40 billion.
- Companies like GameStop and Tesla continue to adopt Bitcoin strategies, echoing Strategy’s aggressive crypto playbook.
Michael Saylor’s enterprise software firm, now branded as Strategy and formerly known as MicroStrategy, has once again stirred Bitcoin markets after a recent online post hinted at further BTC accumulation.
On March 30, Saylor posted an image of Strategy’s Bitcoin portfolio on X, along with the cryptic phrase “Needs even more Orange.” This message closely mirrors his typical Sunday routine before new Bitcoin acquisitions. The post has fueled widespread belief that Strategy is preparing for another significant BTC purchase.
$612 Million in Bitcoin Moved Internally
Blockchain data confirms that Strategy moved 7,383.25 BTC, valued at approximately $612.92 million, into three new wallets on the same day. This movement is likely a routine internal adjustment. Saylor remains committed to holding Bitcoin long-term and has consistently advised against selling the asset.
Bitcoin is currently trading around $82,000. Bitcoin has evolved into a fundamental element of corporate and investment strategies because it attracts growing interest from both institutional participants and worldwide financial markets. The change in his opinion led Saylor to begin aggressively buying Bitcoin during 2020 after his previous dismissal of the cryptocurrency in 2013.
From Skeptic to Corporate Bitcoin Advocate
In August 2020 Strategy commenced its Bitcoin investment activity by buying 21,454 BTC at $250 million. Saylor characterized Bitcoin as an enduring value keeper and alternative money system when he spoke in 2013. At the time, he disclosed to the public that his bitcoin holdings surpassed 17,000 while leading corporate acquisitions.
The trend of including Bitcoin in corporate financial assets started when Strategy made its initial acquisition followed by investments from Tesla and Square and MassMutual. The financial institutions JPMorgan together with Morgan Stanley opened crypto investment options that established Bitcoin’s legitimacy in the market.
GameStop declared Bitcoin as one of its treasury reserve assets. The stock market responded with an initial boost to its price point before investors learned about the bond sale details. The stock value decreased by 25 percent right after the announcement.
