The latest crash came after US President Donald Trump nominated Kevin Warsh to replace Federal Reserve chair Jerome Powell, sending Bitcoin down to $75,892 late on Sunday.
Strategy founder Michael Saylor has hinted his firm added to its Bitcoin holdings after the cryptocurrency slid more than 13% over the weekend, briefly pushing the company’s large BTC position into the red.
“More Orange,” the Strategy executive chairman posted to X on Sunday, alongside a chart showing his firm’s $55 billion worth of Bitcoin purchases since August 2020. Saylor often posts the chart as a signal that his company has bought or plans to buy Bitcoin.
It would mark Strategy’s fifth Bitcoin (BTC) purchase this year, with its largest coming on Jan. 20, when it bought 22,305 Bitcoin. Strategy is by far the largest Bitcoin treasury company with over 712,647 Bitcoin to its name.
