MicroStrategy

Michael Saylor, co-founder of MicroStrategy, has posted a signal widely read as a hint that the company has bought additional Bitcoin for its corporate treasury. Traders and crypto watchers are awaiting official confirmation of the purchase size, which would add to the firm's position as the largest corporate holder of Bitcoin.

Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has signalled that the company may be preparing another Bitcoin purchase. The hint, flagged by Benzinga, has drawn attention from investors who track the firm's long-running pattern of announcing acquisitions after similar teaser posts. Strategy is the largest corporate holder of Bitcoin, and each new buy tends to move both the cryptocurrency and the company's stock, which traders widely treat as a Bitcoin proxy.

MicroStrategy is signalling another Bitcoin purchase after posting a chart in orange, the colour associated with Bitcoin, hinting at further buying. The company, led by Michael Saylor, is the largest corporate holder of Bitcoin and its purchases routinely move markets. Traders are watching for an official announcement of the next buy.