Bitcoin’s price trajectory is under fresh scrutiny after AI assistant Grok suggested that the market could be significantly weaker without aggressive buying from Michael Saylor’s Strategy Inc. Strategy Inc..

Michael Saylor’s company, MSTR, acquired 4,871 bitcoin for its treasury over the past week at an average price of around $67,718 per coin, spending about $329.9 million, according to a filing on Monday.

Strategy, the company best known for its massive bitcoin accumulation strategy, is facing renewed pressure after reporting multibillion-dollar losses tied to the cryptocurrency’s recent decline.

MicroStrategy's Michael Saylor made a compelling pitch to Microsoft’s board of directors, urging the tech giant to allocate $100 billion annually to purchase Bitcoin.