# Michael Saylor's Strategy buys another $100M in Bitcoin — long MSTR on the crypto bet

_AI-generated trading idea · LONG · MSTR_

> Canonical page: https://commonquant.ai/research/for-you/michael-saylor-s-strategy-buys-another-100m-in-bitcoin-long--1dc94438-88f4-4eae-9970-45a9404adb0f

A publicly traded company called Strategy just bought another $100 million worth of Bitcoin. They now own a massive 846,842 Bitcoin, which is over 4% of all the Bitcoin that will ever exist.

## Idea

Strategy (formerly MicroStrategy) operates almost like a backdoor Bitcoin ETF, and their CEO is aggressively buying up as much Bitcoin as possible. When a single company buys nearly $100 million in a week while global peace is breaking out, it signals extreme confidence in a Bitcoin comeback. As Bitcoin's price goes up, Strategy's stock tends to rise even faster because of their massive hoard. Buying MSTR is a way to bet on the crypto rally through the traditional stock market.

## Key details

- Symbols: MSTR
- Timeframes: D
- Tags: \#crypto\_proxy, \#stock, \#accumulation

## Community

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## News sources

- [‘Still adding dots’: Michael Saylor’s Strategy buys another 1,587 bitcoin for $100 million as total holdings reach 846,842 BTC](https://www.theblock.co/post/404728/still-adding-dots-michael-saylors-strategy-buys-more-bitcoin) — The Block

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