Amid discussions in the market about whether Strategy might temporarily pause its Bitcoin purchases to strengthen its cash position due to the recent pullback in Bitcoin and global macroeconomic uncertainties, a noteworthy statement came from the company’s founder, Michael Saylor.
Saylor, by releasing another “Bitcoin Tracker” update on the X platform, hinted that a new BTC ($89,430.00) accumulation might be on the horizon.
The post shows a graph of Strategy’s BTC purchases to date. Saylor added the note “turning orange” to his post. The orange dots represent the company’s purchases, and this post usually indicates that the company is making another purchase in the new week.
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Therefore, market participants believe that Strategy may publicly announce a new round of Bitcoin purchases next week.
Current data shows that Strategy’s BTC portfolio stands at 671,268 BTC. The company’s Bitcoin portfolio is valued at approximately $58.95 billion, with an average purchase cost of $74,972. This position represents an increase in value of approximately 17% at current prices and indicates unrealized profit exceeding $8.6 billion.
*This is not investment advice.
Continue Reading: Amid Talk That Strategy May Not Buy Bitcoin, Big Bull Michael Saylor Makes The Anticipated Post
