Michael Saylor, executive chairman of Strategy, hinted at a new Bitcoin acquisition Sunday with a cryptic post on X, ending a pause in purchases by the largest corporate holder of the cryptocurrency. Bitcoin traded near $64,000 on Monday as markets weighed the potential impact of a resumption in Strategy's buying program.
Michael Saylor, executive chairman of Strategy, hinted at a new Bitcoin purchase Sunday, posting "what is the next step?" on X as BTC traded near $64,000.
"What is the next step?" Saylor said in a post on X on July 20, without elaborating on timing or size. The message follows a pause in Strategy's Bitcoin acquisitions after a period of aggressive accumulation that made the company the largest corporate holder of the cryptocurrency.
Strategy, formerly MicroStrategy, has accumulated Bitcoin since 2020, building a treasury that has become a benchmark for institutional crypto adoption. Bitcoin traded at $64,139.0 on Monday, down 0.9% over 24 hours, according to CoinGecko data. The cryptocurrency remains about 50% below its October record high, with trading volumes subdued as US-Iran tensions and interest-rate jitters curb risk appetite across markets.
A resumption of Strategy's buying program could provide a near-term catalyst for Bitcoin, which has traded in a $60,000-to-$70,000 range for most of 2026. Strategy's previous purchases have historically coincided with price appreciation, and any confirmation of a new acquisition may drive positive momentum for the largest digital asset.
Saylor's hint comes amid a broader debate over Bitcoin's protocol direction. On July 19, he published a lengthy critique of BIP-110, a proposed software upgrade that would temporarily restrict the blockchain from holding large amounts of non-monetary data, including Ordinal inscriptions. Saylor argued the "proposed cure is more dangerous than the condition," warning that the soft fork could set a dangerous precedent by restricting valid, fee-paying transactions based on content.
The executive has previously argued that corporate ownership of Bitcoin is "inevitable," framing companies as the legal engines needed for the cryptocurrency to succeed as global money. His firm's strategy has drawn both followers and critics: Metaplanet recently became the world's third-largest corporate Bitcoin holder, trailing only Strategy and Twenty One Capital, while Ripple CEO Brad Garlinghouse has questioned the risks of leverage tied to a single volatile asset.
This article is for informational purposes only and does not constitute investment advice.
