Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has sparked speculation about another Bitcoin buying spree after sharing a Bitcoin chart suggesting future acquisitions. The move follows a temporary pause in purchasing activity last week.

On Feb. 10, Strategy acquired 7,633 BTC for over $742 million, pushing its total Bitcoin holdings to 478,740 BTC. As of now, these holdings are valued at more than $46 billion, with the company seeing a 47.7% return on investment, according to SaylorTracker.

Saylor previously revealed plans to intensify the company’s use of “intelligent leverage” in Q1 2025, aiming to acquire more BTC and maximize shareholder value. Despite ongoing debates about the sustainability of this aggressive Bitcoin accumulation strategy, institutional investors remain bullish on Strategy.

Financial giants, including BlackRock, continue to increase their stakes in the company. A recent SEC filing from Feb. 6 shows BlackRock now holds a 5% stake in Strategy, reinforcing confidence in its Bitcoin-driven approach. This investment came just one day after MicroStrategy rebranded to Strategy, adopting a Bitcoin-centric marketing strategy to emphasize its commitment to BTC.

Additionally, multiple U.S. state pension funds and treasury programs hold significant Strategy shares. California’s State Teachers’ Retirement Fund leads with $83 million in holdings, followed by the California Public Employees Retirement System with $76.7 million.

To further accelerate Bitcoin purchases, Strategy recently priced a $2 billion convertible note offering, signaling an unwavering commitment to its Bitcoin acquisition strategy. With Saylor hinting at renewed buying activity, all eyes are on Strategy’s next big move in the crypto market.