Michael Saylor, co-founder of MicroStrategy, has reignited speculation about the company’s next big Bitcoin acquisition.

On December 28, Saylor took to social media platform X to share cryptic insights about the SaylorTracker portfolio, which monitors MicroStrategy’s Bitcoin purchases.

A Hint of More Bitcoin Ahead?

In his post, Saylor stated that the marker had “disconcerting blue lines,” which led to speculations that another large-scale buy may be imminent. Over recent weeks, similar hints from Saylor have preceded official announcements of major Bitcoin investments.

“Disconcerting blue lines on SaylorTracker,” Saylor stated.

MicroStrategy has been on a Bitcoin buying spree, accumulating over 192,042 BTC at an estimated cost of $18 billion. During this time, Bitcoin’s price climbed from $67,000 to $108,000, while MicroStrategy’s stock price surged more than fivefold this year, now trading around $360 — up 400% on the year-to-date metrics.

MicroStrategy’s stock performance and inclusion in the Nasdaq-100 have been remarkable. The company’s shift from its core business of enterprise data analytics to a heavy focus on Bitcoin accumulation has positioned it as the largest public holder of the cryptocurrency. However, this aggressive strategy has faced its share of criticism.

Some market participants argue that Saylor’s announcements of Bitcoin buys create volatility. Critics claim that once the purchases are disclosed,

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Author: Oluwapelumi Adejumo