- Michael Saylor tweeted the Bitcoin tracker again, causing speculations about another purchase of BTC.
- Normally, Saylor’s post follows an acquisition.
- MicroStrategy was linked to 70,816 more BTC by Arkham Intelligence.
Crypto circles have been set alight once again with speculation after Michael Saylor reposted the “Saylor #Bitcoin tracker” on X, an action he has previously followed with a bump in Strategy Bitcoin purchases. The post, accompanied by a watchful eye emoji, quickly attracted the attention of market participants familiar with Saylor’s posting pattern.
MicroStrategy’s Bitcoin holdings and buying history are tracked, typically revealed as company announcements loom. Similar posts from Saylor have historically preceded a Bitcoin buy within 24 hours, and the belief is Strategy is once again gearing up for another large purchase.
Arkham’s Wallet Reveal Adds Pressure
The tweet comes after blockchain analytics firm Arkham Intelligence linked 70,816 additional BTC to MicroStrategy, bringing the total equalling 525,047 tokens worth $54.5 billion. The presence of these coins in wallets that were not previously attributed to the company implies that Strategy’s onchain footprint is larger and more widely spread than what is publicly disclosed.
Saylor has long been an outspoken critic of publishing wallet addresses, and Arkham’s tagging directly blurs that line. He’s also argued that transparency in the shape of proof of reserves creates needless security risks. However, Arkham’s proprietary tools were able to trace these holdings through behavior patterns and past custodial links to platforms like Coinbase Prime and Fidelity Digital Assets.
Saylor’s post pattern is a signal for BTC bulls. The tweet aligns with other occasions in which a Strategy executive shared the Bitcoin tracker right before he announced huge multi-million Bitcoin buys. For example, the company’s recent $427 million purchase of 4,020 BTC followed similar social media activity.
That consistency has prompted some analysts to view the tracker post as a soft announcement of intent and helped fuel speculation on forums and trading desks. With Strategy’s long term goal to buy as many Bitcoins as possible, market watchers believe yet another purchase is not only possible, but likely.
Media Spotlight and Public Engagement Rising
Saylor has also expressed interest in creating additional Bitcoin messaging through mainstream channels. Following the suggestion of a Joe Rogan fan account of guests for Rogan to talk Bitcoin, Saylor responded directly: “Hey @joerogan, let’s talk Bitcoin.” The Strategy co-founder’s appearance and rising profile could also be a big push for public engagement.
Saylor’s post seems to have fired up the Bitcoin community as high-profile members of the community praised his move. Crypto analyst Kook noted, “Saylor is going to Bitcoin pill Joe Rogan.”
Historically, the company has made announcements to coincide with U.S. trading hours. The confirmation of a purchase could influence Bitcoin’s short-term momentum as institutional interest in the cryptocurrency continues to rise.
from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/rcznLYK
via IFTTT
