Michael Saylor, co-founder and executive chairman of Strategy (formerly MicroStrategy), has hinted at yet another Bitcoin acquisition—marking the eighth consecutive week of accumulation by the company. In a now-familiar move, Saylor took to X with a cryptic post featuring a Bitcoin price chart and the phrase, “Orange is my preferred color”—his signature nod toward incoming purchases.
The post comes shortly after Strategy’s latest buy on May 26, when it added 4,020 BTC worth approximately $427 million to its reserves. The move pushes the company’s total Bitcoin holdings to 580,250 BTC, solidifying its status as the largest corporate holder of Bitcoin in the world.
With a social media following of over 4.4 million, Saylor has become a lightning rod for Bitcoin market sentiment. His outspoken Bitcoin-first strategy has redefined how companies approach treasury management and triggered a wider corporate shift toward crypto accumulation.
Strategy Now Holds More Bitcoin Than the U.S. and China Combined
With over 580,000 BTC on its balance sheet, Strategy now holds more Bitcoin than the combined reserves of the U.S. and Chinese governments, according to available estimates. The company’s unprecedented accumulation strategy has turned it into a de facto institutional proxy for Bitcoin itself—one whose price action increasingly mirrors BTC’s market cycles.
Analysts warn that this aggressive hoarding may trigger a supply shock. Ki Young Ju, CEO of CryptoQuant, recently noted that Strategy’s continuous buys are shrinking market liquidity. Sygnum Bank executives echoed the concern, warning that institutional stockpiling could clash with growing demand and limited new supply, potentially leading to sharp price increases.
For market watchers, Strategy’s influence now extends far beyond its own portfolio. Its behavior is shaping expectations, setting trends for other corporate treasuries, and pressuring institutions to consider Bitcoin as a serious asset class.
Transparency Questions Mount Over Strategy’s Massive Bitcoin Claims
As Strategy continues to make headlines with its relentless Bitcoin buying, a chorus of skeptics is growing louder. While the firm has repeatedly announced large acquisitions, critics question the lack of transparent, on-chain proof-of-reserves that would validate those claims.
Despite Michael Saylor’s high-profile confidence and continued engagement with the crypto community, some fear the firm may be holding synthetic exposure via derivatives rather than actual BTC. Others speculate that the firm could be overstating its holdings altogether—particularly given the absence of publicly audited reserve verifications.
One skeptical user replied directly to Saylor’s teaser post about the next Bitcoin buy, asking bluntly:
“Publicly list the wallet addresses and prove $MSTR isn’t holding onto derivative claims from a fiduciary…no reason not to do this is there? I don’t care either way, but would make sense”
So far, Strategy has not responded directly to such inquiries. But as scrutiny builds and the company’s BTC hoard continues to grow, calls for transparency could soon become impossible to ignore.
Quick Facts
- Strategy (formerly MicroStrategy) has purchased 4,020 BTC on May 26, pushing total holdings to 580,250 BTC.
- This marks the eighth consecutive week of Bitcoin accumulation by the company.
- Analysts warn the firm’s large-scale buying could trigger a Bitcoin supply shock.
- Strategy’s holdings reportedly exceed the combined BTC reserves of the U.S. and China.
- Critics are calling for proof-of-reserves, raising questions about on-chain transparency.
