Michael Saylor fueled market speculation about a possible new buy signal by reposting data from his company’s “Saylor Tracker,” which monitors Bitcoin holdings.
The strategy’s founder, Saylor, in a social media post, used the phrase “extending the orange dot”, which investors interpreted as a sign that the company could soon announce a new purchase of Bitcoin. In the graph shared by Saylor, the orange dots represent $BTC purchases.
In the past, the company has been known to announce Bitcoin purchases shortly after similar announcements.
According to the data, Strategy’s Bitcoin reserves are worth around $53 billion. The company’s total assets are calculated at 738,731 $BTCwith an average purchase cost of $75,863. Based on current market prices, the company’s portfolio has an unrealized loss of approximately 5.42%, or a loss in value of approximately $3.04 billion.
Strategy has recorded a total of 102 Bitcoin purchases to date. The most recent transaction took place last Monday, when the company purchased 17,994 $BTC at an average price of $70,946, for a total of approximately $1.28 billion. Following this transaction, the company’s total Bitcoin holdings increased to 738,731. $BTC.
*This does not constitute investment advice.
