Michael Saylor, founder of Strategy, the largest institutional Bitcoin buyer, has signaled his intention to buy Bitcoin again next week.
Announcement of New Bitcoin Purchases
Saylor made the announcement in a post on platform X, sharing a chart from the SaylorTracker platform, which tracks Bitcoin purchases made by his company. He has purchased BTC in all the weeks he reported so far.
Data on Bitcoin Purchases by Strategy
Strategy announces Bitcoin purchases in almost weekly filings with the SEC. It is noteworthy that the weeks without purchases from Strategy are often surprising, with news of capital increases to purchase Bitcoin frequently emerging.
Current Investments and Company Profitability
Strategy currently holds $71.85 billion worth of Bitcoin, with an average purchase price of $71,777. Given the current price of BTC around $118,000, the company has made a 64% profit on its investment. However, data shows the company has not yet made a profit from its recent $739 million acquisition and is incurring a loss of approximately $4.4 million.
Michael Saylor continues to invest actively in Bitcoin, highlighting his confidence in the future value of cryptocurrency despite current market fluctuations.
