Summary
- Michael Saylor, chairman of Strategy, hinted at additional Bitcoin purchases by posting the company’s Bitcoin orange dot chart on X.
- Strategy CEO Phong Le said the company’s financial structure would come under pressure only if Bitcoin fell to between $8,000 and $10,000, adding that its current financial condition remains stable.
- Phong Le said Strategy has no plans to abandon its Bitcoin buying strategy and currently holds about 843,775 Bitcoin.
Forecast Trend Report by Period
Strategy Chairman Michael Saylor signaled another Bitcoin purchase.
Saylor posted the company’s so-called orange dot chart on X on July 19 with the message, “What’s next.”
He has repeatedly shared the chart tracking Strategy’s Bitcoin holdings ahead of the company’s purchases. That is why the market interprets the latest post as a signal that Strategy may buy more Bitcoin.
Strategy CEO Phong Le said in a recent interview that the company’s financial structure would come under pressure only if Bitcoin fell to between $8,000 and $10,000.
He added that Strategy’s financial condition remains stable despite the current decline and that the company has no plans to abandon its Bitcoin buying strategy.
Strategy currently holds about 843,775 Bitcoin. Earlier this month, the company sold 3,588 Bitcoin.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul