Recently, Michael Saylor, chairman of Strategy, shared a portfolio update highlighting his significant Bitcoin holdings. This statement raises questions about potential new purchases of the cryptocurrency.
Company Portfolio Update
On Sunday, Saylor published data showing that the company holds $64.28 billion worth of Bitcoin. This information follows a familiar pattern typically used before announcing new purchases, usually planned for Monday.
Dynamics of Bitcoin Purchases
Since the beginning of June, Strategy's Bitcoin holdings have increased by over 11,000 BTC, bringing the total to 592,345 coins. The last substantial addition occurred on June 22, when the company purchased 245 BTC.
Strategy and Future of Bitcoin
The average cost basis for the company is now $70,681 per Bitcoin. With the current market price above $100,000, the company's position has gained over 53%, resulting in unrealized gains exceeding $22 billion. Strategy and Saylor's approach reflects a long-term strategy, viewing Bitcoin not only as an asset but also as a strategic reserve.
If trends continue, announcements regarding new Bitcoin purchases may happen in the upcoming days.
