Michael Saylor has fueled speculation in the market about a possible new buy signal by reposting data from his company’s “Saylor Tracker,” which monitors Bitcoin holdings.
Strategy founder Saylor, in a social media post, used the phrase “extend the orange dot,” which investors interpreted as a sign that the company may soon announce a new Bitcoin purchase. In the chart shared by Saylor, the orange dots represent BTC purchases.
In the past, the company is known to announce Bitcoin purchases shortly after similar announcements.
According to the data, Strategy’s Bitcoin reserves are worth approximately $53 billion. The company’s total holdings are calculated at 738,731 BTC, with an average purchase cost of $75,863. Based on current market prices, the company’s portfolio shows an unrealized loss of approximately 5.42%, indicating 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 bought 17,994 BTC at an average price of $70,946, totaling approximately $1.28 billion. Following this transaction, the company’s total Bitcoin holdings rose to 738,731 BTC.
*This is not investment advice.
