Strategy’s Saylor Teases New Bitcoin Buy Despite Fed Hike and CLARITY Setback

The main culprit of Strategy’s highly aggressive BTC accumulation game plan, Michael Saylor, took it to X earlier on Sunday to hint that the company might have resumed its cryptocurrency purchases.

In a not-so-cryptic tweet, the former CEO posted a graph of the firm’s countless Bitcoin accumulations completed over the past six years and said, “A little more orange.”

Recall that Strategy’s last BTC purchase was announced on August 31 and was completed during the week prior. It came at an average price of $80,318 per unit, and the firm spent almost $370 million to reacquire 4,603 BTC. What was particularly interesting about that one is that it came after a two-month pause in which the company made a couple of sales at much lower prices.

Since then, Strategy has been on the sidelines when it comes to Bitcoin accumulations. Instead, it turned its attention to repurchasing its STRC stock, whose price has erased almost all losses from its drop to $75 and closed Friday at $98.51 – just inches below its par price of $100.

If Saylor’s hint has been rightfully understood by the entire crypto community and us on X, this means that Strategy has resumed its purchases during the most intense macro week for BTC and the industry.

On Tuesday, the US Senate voted against advancing the highly anticipated CLARITY Act. A day later, the US Federal Reserve hiked interest rates for the first time in over three years. On Friday, the Bank of Japan mimicked the Fed’s move, raising its own rates to a 31-year high.

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