🟠 Strategy Buys 1,550 Bitcoin Worth $98 Million
Michael Saylor is back to buying. His company, Strategy, just scooped up 1,550 Bitcoin worth around $98 million. This comes right after Saylor teased it with his classic "a good time to add more dots" post, where the dots are the orange marks for every purchase. The signal turned into action.
What makes this notable is the timing. Just last week, Strategy sold Bitcoin for the first time in four years, a tiny sale of 32 coins to fund preferred-stock dividends. That broke its famous "never sell" image and shook confidence across the market. Now, days later, the company is buying again on a much bigger scale. The message is clear: the dip is being bought, not abandoned.
Strategy now holds over 843,000 BTC, bought at an average near $75,700. With Bitcoin around $62,000, the position is still underwater on paper, yet Saylor keeps adding. That's conviction buying into fear, the opposite of panic selling.
Here's the beginner takeaway: this is dollar-cost averaging on a corporate scale. Strategy buys through crashes, betting on years, not weeks. A confident buy from the largest corporate holder can lift sentiment fast, especially when the market is this fearful.
But a fair word of caution. There's a running joke that Strategy tends to buy near short-term highs, and the company uses debt and stock sales to fund these purchases, tools most retail traders don't have. Take the mindset, patience and conviction, not the exact leverage.
What to watch: whether this buy sparks a sentiment shift and if Bitcoin can hold its recent support.
Not financial advice.
