Michael Saylor Hints Another Major Purchase, Bitcoin Jumps Over $105K

Strategy Chairman Michael Saylor has hinted at plans for a major Bitcoin purchase this week. The Company has been aggressively accumulating BTC and in a recent post, Saylor noted that it would be unwise to short BTC as Strategy makes another bulk purchase.

Saylor who has established himself as one of the biggest Bitcoin bulls previously noted that his company has been at the top of its game thanks to its BTC investments. Strategy has been taking advantage every time Bitcoin price dropped below $100,000 and maintained this trend during the recent market recovery.

Saylor previously highlighted Strategy’s dominant position, edging out all the other top performing S&P500 heavy hitters. He revealed that Strategy’s 1-year returns surged to 178%, outpacing Tesla and NVidia.

Strategy also maintained its lead in Q1 2025 despite choppy market conditions. This was mainly courtesy of its aggressive dollar-cost averaging approach.

Is Michael Saylor’s Bitcoin Strategy Contributing to Prices Above $100,000?

We recently noted that whales and institutional inflows have recently been shielding Bitcoin from dropping below the $100,000 price point. Strategy played a pivotal role in this outcome thanks to its buying spree not only when prices dipped in April but also above $100,000.

To give a rough idea of how much Strategy has been involved in BTC’s price action, the company acquired over $1.5 billion worth of the cryptocurrency in the last 3 weeks. It added over 15,000 BTC to its holdings between 25 April and 9 May.

Strategy’s BTC holdings approached 569,000 BTC at the time of observation. Its holdings more than doubled in the last 9 months. Although Michael Saylor has been extremely vocal about Strategy’s Bitcoin purchases, the company remained the second largest institutional holder.

BlackRock currently holds the pool position as the largest intuitional holder and has been making it quite difficult for Strategy to close the gap. It held roughly the same amount Strategy currently holds towards the end of January. However, BlackRock also pushed up its figures over the last 5 months.

Blackrock held almost 632,000 million BTC as of 15 May. It purchased over 83,000 BTC on a YTD basis, bolstering its lead against Strategy.

Bitcoin Makes a Breakout Attempt with Possibility of New All-Time High

Bitcoin experienced low volatility and sideways price action last week but it could be changing tune this week. The king of the cryptos kicked off the last 24 hours on a bullish leg with price surging by over 2.5%, which allowed it to push close to $106,000 at the time of observation.

This new rally kicked off at around the same time that Michael Saylor made his remarks. This suggests that the rally may partly have been fueled by optimism about a Major Strategy purchase this week.

Meanwhile, the fresh bullish surge could potentially set the pace for a bullish week and the possibility of a new Bitcoin all-time high. This is because the latest upside put it within 3% of its historic top.

On-chain data revealed that the bullish breakout in the last 24 hours was fueled by more than $272 million in spot inflows. This was after the bears failed to yield significant downside last week which was mostly characterized by spot outflows.

Meanwhile in the derivatives segment, open interest cooled down from a 7-day high north of $67 billion to $65.8 billion in the last 24 hours. This confirmed that the breakout was mostly driven by spot activity. The possible implication could be that Bitcoin could rally higher before being exposed to liquidation risks.

Speaking of liquidations, short liquidations surged above $48 million compared to just over $2 million long liquidations in the last 24 hours. The widening longs-shorts ratio highlighted the strong directional momentum in favor of the bulls.

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