Strategy posts 'Saylor Tracker'…a signal of more Bitcoin buying

JOON HYOUNG LEE

Summary

Michael Saylor, chairman of Strategy, posted the Saylor Tracker chart on X (formerly Twitter), signaling the possibility of additional Bitcoin purchases.
Strategy said it bought around 2,900 bitcoins at the end of last month, deploying $260 million, and now holds 712,647 bitcoins.
Strategy’s average Bitcoin purchase price is about $76,000, while Bitcoin’s price fell nearly 6% on the day to the $78,000 range.

*Saylor Tracker chart. Photo=Capture from Michael Saylor, Strategy chairman, on X (formerly Twitter)*

Michael Saylor, chairman of Strategy, hinted at additional purchases of Bitcoin (BTC).

On the 1st (local time), Saylor posted the so-called “Saylor Tracker chart” on X (formerly Twitter), saying, “More Orange.”

Also known as “Orange Dots,” the Saylor Tracker is a chart Saylor repeatedly posted on social media just before buying Bitcoin. When he posts the chart, it has often been followed by actual Bitcoin purchases by Strategy, leading the market to interpret it as a signal of further Bitcoin accumulation.

Previously, Strategy bought around 2,900 bitcoins at the end of last month, deploying $260 million in funds. Strategy now holds a total of 712,647 bitcoins, with an average purchase price of about $76,000.

Meanwhile, Bitcoin plunged nearly 6% on the day, sliding to the $78,000 range. It was the first time since April last year that Bitcoin fell below $80,000.

BTC