Saylor Buys $1B Bitcoin Amidst Price Slide

Michael Saylor's investment firm Strategy has continued its substantial Bitcoin accumulation, adding approximately $980.3 million worth of the cryptocurrency in the past week. This marks the second consecutive week of significant purchases, signaling a strong conviction in Bitcoin despite current market downturns. The firm now holds over 671,000 Bitcoin, acquired at an average price of $74,972 per coin.

Concurrently, Grayscale has released a positive outlook, forecasting that Bitcoin could reach a new record high within the first half of 2026. The asset manager attributes this optimism to accelerating structural shifts in digital asset investment and increasing demand for alternative stores of value, alongside growing regulatory clarity.

While Saylor and other early advocates like Mike Alfred remain highly bullish, citing improving fundamentals amidst pessimistic sentiment, technical analysts offer a more cautious perspective. They suggest that Bitcoin might experience further price declines before finding a stable footing, highlighting a divergence between long-term optimism and near-term market signals.