Saylor’s Bold Bitcoin Move Sparks Viral Reaction

Michael Saylor continues to demonstrate his commitment to bitcoin. Following the recent announcement from Strategy regarding the acquisition of an additional 10,100 BTC, the chairman is hinting at further accumulation in the near future.

Earlier today, a cryptic message was shared, reminiscent of previous teasers, as Saylor often makes significant announcements over the weekend.

With this latest acquisition, Strategy’s total bitcoin holdings have reached an impressive 592,100 BTC, valued at over $60.8 billion. This purchase, costing around $1.15 billion, marks the largest acquisition since March.

Having an average purchase price of approximately $70,664 per bitcoin, Strategy is enjoying unrealized gains of about 45%, given that bitcoin‘s current market price is close to $102,600. Although bitcoin has slightly retreated from last week’s peak of over $108,000, it remains highly profitable.

Since the beginning of this year, Strategy has aggressively acquired more than 140,000 BTC, regardless of market conditions.

You Might Also Like

Currently, bitcoin constitutes nearly 59% of Strategy’s overall market capitalization, which stands at approximately $103.3 billion. Investors are still willing to pay a premium for exposure, as indicated by the company’s net asset value (NAV) multiple, which is around 1.699x.

While there hasn’t been an additional purchase this week, it is evident that Saylor’s approach of accumulation and signaling remains robust.