Michael Saylor Hints Fresh Bitcoin Purchases as All-Time Profits Near $26B

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The lackluster price action reflected both weak corporate demand and persistent ETF outflows, as Bitcoin ETFs shed $1.2 billion over the week without logging a single day of inflows.However, fresh signals from Michael Saylor, co-founder and executive chairman of MicroStrategy, suggest this lull in institutional appetite may be close to reversing. In a cryptic post on X published around noon Sunday, Saylor wrote “Bitcoin is on Sale,” accompanied by an image showing his firm’s recent BTC acquisitions.According to SaylorTracker, MicroStrategy’s Bitcoin holdings have now reached 629,376 BTC, valued at approximately $72.3 billion, with profits climbing to $25.9 billion at press time. The possibility of renewed large-scale purchases from Saylor’s firm provides two potential tailwinds for Bitcoin price action.First, it could restore confidence among retail traders and strategic investors discouraged by last week’s underperformance. Second, the early hint may encourage short-term traders to enter fresh bets speculating on Strategy’s imminent purchase confirmation. If these scenarios materialize, this could considerably boost market liquidity and trigger a positive BTC price reaction.Bitcoin price opened the new week on a cautious note, trading near $114,600 at press time. The daily chart shows BTC consolidating just under the middle Bollinger Band around $116,722, while resistance at the upper band near $121,713 continues to cap upside momentum.Momentum indicators remain mixed. The Relative Strength Index is holding at 46.53, pointing to a neutral stance, neither overbought nor oversold. This leaves room for directional movement depending on whether buyers or sellers gain control in the coming sessions.On the bullish side, a sustained close above $117,800, where more than $3 billion in short positions are clustered, would likely validate further upside toward $121,700 and potentially retest $124,000, levels last seen earlier this month. Renewed corporate demand and confirmation of MicroStrategy’s rumored purchases could serve as the catalyst for such a breakout.Conversely, immediate downside support is seen at $111,700 near the lower Bollinger Band. A decisive drop below this threshold would risk extending losses toward the $108,000 region, where prior consolidation established a temporary floor in late July.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,443.50 -12.00 (-0.19%)Dow Futures45,247.00 -104.00 (-0.23%)Nasdaq Futures23,452.00 -46.25 (-0.20%)Russell 2000 Futures2,334.80 -9.30 (-0.40%)VIX15.48 +0.69 (+4.67%)Gold3,422.70 +5.20 (+0.15%)PortfolioSign in to access your portfolioSign inTop gainersSSL Sasol Limited 6.98 +0.69 (+10.97%)PRM Perimeter Solutions, Inc. 21.21 +1.73 (+8.88%)IREN IREN Limited 23.12 +1.69 (+7.89%)MP MP Materials Corp. 72.31 +4.43 (+6.53%)RKLB Rocket Lab Corporation 47.22 +2.84 (+6.40%)Top losersNEGG Newegg Commerce, Inc. 85.00 -15.75 (-15.63%)KDP Keurig Dr Pepper Inc. 31.10 -4.03 (-11.48%)FRPT Freshpet, Inc. 56.29 -6.33 (-10.11%)TNXP Tonix Pharmaceuticals Holding Corp. 34.59 -3.39 (-8.93%)BMA Banco Macro S.A. 60.00 -5.54 (-8.45%)Most activeOPEN Opendoor Technologies Inc. 4.5400 -0.4700 (-9.38%)NIO NIO Inc. 6.09 -0.25 (-3.94%)INTC Intel Corporation 24.55 -0.25 (-1.01%)NVDA NVIDIA Corporation 179.81 +1.82 (+1.02%)SOFI SoFi Technologies, Inc. 26.15 +1.13 (+4.52%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersGPRO GoPro, Inc. 1.6500 +0.4400 (+36.36%)TLRY Tilray Brands, Inc. 1.3900 +0.2400 (+20.87%)IBKR Interactive Brokers Group, Inc. 62.76 +0.36 (+0.58%)BYND Beyond Meat, Inc. 2.5900 +0.1400 (+5.71%)OPAD Offerpad Solutions Inc. 3.6400 +2.1000 (+136.36%)Top economic events