TLDR
- Michael Saylor said large corporate Bitcoin purchases do not trigger instant price increases.
- Strategy acquired 17,994 Bitcoin for about $1.28 billion at an average price of $70,946.
- The latest purchase marked Strategy’s 102nd Bitcoin acquisition and its 11th straight week of buying.
- Strategy currently holds around $3.35 billion in unrealized losses on its Bitcoin reserves.
- The company’s market value remains below the estimated $52.65 billion value of its Bitcoin holdings.
Michael Saylor said large corporate Bitcoin purchases do not trigger instant price surges. He stated that markets often react after a delay rather than immediately. His remarks followed Strategy’s latest multibillion-dollar Bitcoin acquisition.
Saylor shared his view in a post on X on Thursday. He explained that price momentum can form well after large buying events. He added that short-term moves may not reflect underlying demand.
He wrote that investors should remain patient as markets adjust. He stressed that price gains often appear over time. His message drew mixed reactions across social media platforms.
Strategy Extends Bitcoin Accumulation Streak
Strategy announced it purchased 17,994 Bitcoin for about $1.28 billion last week. The company paid an average price of $70,946 per coin. This transaction marked its 102nd Bitcoin acquisition.
The purchase also extended Strategy’s buying streak to 11 consecutive weeks. The firm confirmed the details in an official statement. It continues to increase its Bitcoin holdings despite price volatility.
At the time of reporting, Bitcoin traded near $71,970. Despite recent purchases, Strategy holds about $3.35 billion in unrealized losses. The company’s balance sheet reflects current market conditions.
Strategy’s market capitalization stands at $47 billion. Meanwhile, its Bitcoin holdings carry an estimated value of $52.65 billion. Therefore, the company’s stock trades below its digital asset reserves.
Saylor defended the firm’s long-term plan in recent interviews. He told Fox Business that Strategy can manage dividend payments with 1.25% annual Bitcoin growth. He maintained that even modest gains could support shareholders.
He also addressed a potential extended flat market scenario. He said the company would have around 80 years to adjust operations. He projected that Bitcoin could grow 30% annually over two decades.
Bitcoin Price Reaction and Market Signals
Saylor stated that corporate purchases do not cause immediate price spikes. He explained that markets digest large transactions over time. He reinforced the message by urging patience.
His comments followed online discussions about delayed price reactions. Some users referenced past advocacy statements. Others expressed support for his long-term position.
Meanwhile, a crypto analyst known as Ted highlighted a rise in the Coinbase Premium. This metric tracks price differences on Coinbase and other exchanges. Analysts often view it as a spot demand indicator.
Ted stated that holding support above $70,000 could push Bitcoin toward $76,000. He shared this view in a public market update. The projected level aligns with the strategy’s average acquisition cost.
Bitcoin’s recent trading range remains close to Strategy’s average entry price. The $76,000 level sits near that historical benchmark. Market participants continue to monitor price support near $70,000.
