Strategy's Saylor Announces Massive Bitcoin Purchase Amid Company's Struggles

Michael Saylor, co-founder of Strategy, has teased a "big week" on social media, possibly hinting at a significant Bitcoin purchase. Saylor has a history of posting charts with orange dots before announcing Bitcoin buys. Despite recent rumors of selling Bitcoin, Saylor denied them and claimed the company is accelerating its purchases. The yet-to-be-announced purchase may boost investor confidence in the struggling company, which holds the largest amount of Bitcoin but has seen its shares collapse 56% from their July peak.