Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), posted a cryptic chart on social media suggesting another Bitcoin purchase may be imminent, just days after the company spent $1.25 billion acquiring additional BTC and as new U.S. tariffs on European nations rattled cryptocurrency markets.
What Happened: Saylor Signals Potential Purchase
Strategy currently holds 687,410 Bitcoin valued at approximately $63.4 billion, making it the largest corporate holder of the cryptocurrency.
Saylor posted the chart on his social media account on Jan. 18, a tactic he has used before to telegraph incoming purchases.
The hint came as Bitcoin dropped from over $95,000 to around $92,500 amid broader market turmoil.
The crypto market fell 2.8% overnight to $3.2 trillion after President Donald Trump announced tariffs targeting eight European nations.
Trump said 10% tariffs on goods from the UK, the Netherlands, Finland, Norway, Denmark, France and Germany would begin Feb. 1, rising to 25% on Jun. 1.
The tariffs are tied to U.S. efforts to acquire Greenland.
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Why It Matters: Institutional Accumulation Continues
Strategy funds much of its Bitcoin buying through convertible debt, which functions like loans that can later convert into company shares.
Debt holders can begin converting billions of dollars' worth of notes in 2027 and 2028.
If markets deteriorate sharply, Strategy may need cash quickly to service that debt. Saylor has said selling Bitcoin would be a last resort.
Despite the risks, institutional buying remains strong. Spot Bitcoin ETFs recorded over $1.8 billion in inflows between Jan. 12 and 15. Large buyers removing supply from the open market tends to support prices over time because Bitcoin has a fixed cap of 21 million coins.
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