Michael Saylor Hints at More Bitcoin Buys as BTC Nears New All-Time High

Michael Saylor, co-founder of MicroStrategy, has once again sparked attention on social media by hinting at another major Bitcoin (BTC) acquisition. The announcement is expected on May 12, following last week's $180 million BTC purchase, which brought the company’s holdings to over 555,000 BTC.

Saylor’s aggressive strategy has made headlines, with MicroStrategy now buying Bitcoin faster than it’s being mined. This growing illiquid supply suggests a tightening market. According to CryptoQuant CEO Ki Young Ju, MicroStrategy’s holdings alone create a -2.23% annual BTC deflation rate—a figure likely higher when including other institutional players.

The company’s Bitcoin accumulation shows no signs of slowing, with other corporates like Metaplanet and Mara Holdings also ramping up purchases. Casa co-founder Jameson Lopp commented that the only way to curb Saylor’s dominance would be for more institutions to adopt a similar buying strategy and push prices higher.

MicroStrategy’s bullish stance has paid off, as its stock is up nearly 40% year-to-date. Meanwhile, Bitcoin itself is trading just 4% below its all-time high of $109,000, fueled by optimism surrounding a potential U.S.–China trade deal.

Saylor recently remarked that BTC hasn’t yet reached $150,000 because many investors still lack a true long-term outlook. He also expressed surprise at how quickly the U.S. has moved to embrace Bitcoin adoption.

With the next buy announcement looming and BTC edging closer to historic highs, Saylor’s actions could further fuel market momentum. All eyes are now on May 12 for MicroStrategy’s next move in what’s becoming one of the most aggressive institutional crypto plays to date.