After a brief pause, the Strategy company is likely to resume buying Bitcoin. A week after the company’s buying hiatus, Michael Silver, the executive manager of Strategy, issued a probable buying signal on social network X. Silver’s previous posts, including the company’s portfolio, usually led to Bitcoin purchases in the following week. This purchase will be Strategy’s first in the second quarter of the year, as the company had halted its purchases at the beginning of April. The pause led to a decrease in the company’s stock value (MSTR) and rumors emerged about the possibility of selling Bitcoin to cover the company’s obligations. Currently, Strategy owns 528,185 Bitcoins worth $44.7 billion. Silver, with a sarcastic sentence about the US-China tariff war, hinted at a possible Bitcoin purchase on Tuesday. Many investors interpreted it as a potential buying sign. After the post, the Bitcoin price slightly increased, crossing the $83,000 mark. However, analysts suggest that Strategy’s actual purchase could have a significant impact on the market, just like the previous purchase of 22,048 Bitcoins shook the market. Nevertheless, other experts like Joao Wedson have warned that the possibility of Bitcoin dropping to $65,000 still exists. He indicates strong support levels at $64,700, as shown by indicators like Market Mean Price and Alpha Price. In this regard, Dr. Profit has cautioned that if prices drop to these levels, Strategy may have to sell MSTR shares to prevent liquidation. On the real-time digital currency price page, you can monitor the prices of all tokens and cryptocurrencies live and instantly.
