Michael Saylor has added a new one to his now traditional Bitcoin buy signal posts.
Addressing his 3.9 million followers on X, Michael Saylor claimed that he would be making new BTC purchases by sharing a post saying, “I’m thinking about the next green dot on the chart,” referring to a website that tracks Bitcoin purchase levels of his company MicroStrategy.
The new acquisition will likely be announced tomorrow. No information was shared about the size of the acquisition.
According to current data, MicroStrategy currently holds 447,470 Bitcoins worth $42.38 billion. The average purchase price of these was calculated as 62,472. The company seems to have accelerated its purchases recently, especially with the BTC price settling around $100,000. In the last two months, they have made a total of 8 large BTC purchases, excluding the possible next purchase.
Remarkably, they are currently losing $149 million from one of their biggest purchases of recent times, a $5.4 billion BTC transaction on November 25, which was made at $97,862.
*This is not investment advice.