Bitcoin Purchase Teases as Saylor’s Strategy Inches Closer to New ATH

Michael Saylor, co-founder of investment firm MicroStrategy and now strategic partner at Strategy Co., has sparked excitement around potential Bitcoin purchases with a tweet teasing an announcement for May 12th. The news comes after UToday reported a previous $180 million purchase on Monday, bringing the total to over 555,000 BTC. This move bolsters the company’s stock performance by nearly 40% year-to-date. Meanwhile, Bitcoin continues its upward trajectory as it approaches the $105,000 mark, fueled by optimism regarding a potential trade agreement with China. According to CoinGecko data, the cryptocurrency is just 4% away from breaking its all-time high set in January.