Strategy (formerly MicroStrategy), known for its aggressive investment strategy towards Bitcoin (BTC), is back in the spotlight with the new “Bitcoin Tracker” update shared by the company’s chairman, Michael Saylor, today.
In his update on X, Saylor gave the message of “returning to the orange dots”, which signifies BTC purchases.
Saylor's public release of this data has created strong expectations that the company could announce a new Bitcoin purchase very soon, often the next day, as has been seen repeatedly in the past.
According to the data shared, Strategy's total Bitcoin holdings have reached 650,000 BTC. The portfolio's current value is $57.67 billion, with an average cost of $74,436. This massive position, at current prices, has generated a 19.20% profit for the company, with total unrealized profits reportedly exceeding $9.29 billion. This chart, which Saylor regularly shares, also provides indirect market insights into the company's Bitcoin buying cycle.
To date, Strategy has reportedly made a total of 88 different acquisitions. In most of these acquisitions, Saylor shared similar “Bitcoin Tracker” information immediately before the announcements. Therefore, the prevailing market view is that Saylor's post is a precursor to a new acquisition announcement.
On the other hand, the performance chart shows a striking divergence over the past year. Strategy's shares have lost -54.69% of their value over the year, while Bitcoin has declined -12.30% during the same period. The 42.39-point difference between these two performances suggests that the company's reliance on Bitcoin through a highly leveraged position makes it more aggressive during corrections. Despite this, Saylor's strategy shows no signs of reversal; on the contrary, it continues to treat every pullback as a long-term opportunity.
*This is not investment advice.
