Michael Saylor has hinted at buying Bitcoin for the 11th consecutive week, with Strategy's Bitcoin Holdings showing unrealized gains of over 21.8 billion dollars.

Odaily News Strategy co-founder Michael Saylor has once again hinted on social platform X that he will continue to buy Bitcoin, marking the 11th consecutive week since April 14 that he has issued similar signals. The company recently purchased 245 BTC for $26 million on June 23, bringing its total holdings to 592,345 BTC, with a current total value exceeding $63.6 billion and unrealized gains of over 52%, amounting to $21.8 billion in unrealized profits. Strategy has become the largest corporate holder of Bitcoin globally, with holdings surpassing the total of the other top 20 publicly traded companies. Although analysts disagree on whether continued buying will trigger a Bitcoin supply shock, there are concerns that new companies mimicking this strategy may face debt and funding pressures in future bear markets. A report from venture capital firm Breed pointed out that Strategy, due to its scale, holdings, and counter-cyclical ability, may become a long-term survivor of the crypto financial model, with a 91% probability of being included in the S&P 500 index by the second quarter of 2025. (Cointelegraph)