Editor's PiCK

Michael Saylor Hints at MicroStrategy's Additional Bitcoin Purchases

Source
Suehyeon Lee

Summary

  • Michael Saylor, chairman of MicroStrategy, posted a message hinting at additional purchases of Bitcoin.
  • MicroStrategy has bought a total of 650,000 bitcoins in 88 purchases.
  • MicroStrategy's current unrealized gain on Bitcoin holdings is about $9.4 billion, with a return of 19.5%.
Photo=Michael Saylor X (X)
Photo=Michael Saylor X (X)

Michael Saylor, chairman of MicroStrategy, hinted at additional purchases of Bitcoin (BTC) by posting the Saylor Tracker chart.

On the 7th (local time), Saylor posted the Saylor Tracker chart on his X with the message "Will you go back to Orange Dots? (₿ack to Orange Dots?)". Because Saylor has previously posted the Saylor Tracker chart before MicroStrategy bought additional Bitcoin, this is interpreted as a signal of additional purchases this time as well.

MicroStrategy has bought a total of 650,000 bitcoins in 88 purchases. The company's total holdings are worth about $57.8 billion, and the average purchase price of Bitcoin is $74,436. Based on current prices, the unrealized gain is about $9.4 billion, with a rate of return of about 19.5%.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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