Big bull Michael Saylor, in a new post shared on Bitcoin Tracker, reinforced expectations that Strategy could be preparing to increase its Bitcoin holdings again this week.
Saylor used the phrase “Big Orange” in a social media post. Orange dots on Strategy Tracker charts typically represent Bitcoin’s accumulation points, giving rise to interpretations that a new buying announcement could be imminent. In the past, Strategy typically released official announcements regarding BTC purchases the day after these signals.
As of today, Strategy’s Bitcoin reserves stand at 673,783 BTC. The total value of the company’s Bitcoin reserves is estimated at $61.21 billion, with an average cost of $75,026. Currently, Strategy’s BTC position has generated a return of approximately 21.09%, which equates to a monetary increase of $10.66 billion. As of the same date, the company’s cash reserves are recorded at $2.25 billion.
On the performance side, we see a striking divergence. Over the past year, strategic stocks have declined by around 52.09%, while Bitcoin’s decline has been limited to 3.91%. This shows that the performance of Share Strategy has a negative relative performance of 48.19 points compared to BTC.
*This does not constitute investment advice.
