Strategy Chairman Michael Saylor today reposted a chart showing Bitcoin purchases, raising expectations for announcements the company may make in the coming week.
Saylor used the phrase “Connecting the dots” in his post. The graph showed Strategy’s Bitcoin transactions and the change in average purchase cost over the years.
The shared data shows that the company holds 849,327 BTC in Bitcoin, with an average purchase cost of $75,446. The market value of its Bitcoin reserves is approximately $64.44 billion.
Another noteworthy detail in the graph was that the market value of the reserves was quite close to the average cost. The difference compared to the cost was calculated to be approximately 0.21 percent in the visual.
Saylor’s similar posts, following past announcements regarding the company’s Bitcoin transactions, have shifted attention to tomorrow. However, today’s message did not specify the amount of the new purchase, the amount spent, or the transaction date.
Therefore, the main development to watch in the market will be Strategy’s official announcement. Whether the company has purchased new Bitcoin and whether there have been any changes to its reserves will become clear with the transaction data that will be released.
*This is not investment advice.
