A Rare Post from Michael Saylor: Will They Buy Bitcoin This Week?
MicroStrategy (Strategy) founder Michael Saylor shared an update on his Bitcoin Tracker, suggesting the company hadn't made any new Bitcoin purchases this week. “No new orange dots this week,” Saylor wrote. “Just a $9 billion reminder of why we should hold for the long term.”
According to the data, MicroStrategy's Bitcoin portfolio currently stands at 640,031 BTC. The portfolio's total value is $78.9 billion, with an average cost of $73,983. After the company's 81 purchases over the entire period, the portfolio's total profit is approximately $31.5 billion, representing a 66.62% gain.
No new orange dots this week — just a $9 billion reminder of why we HODL. pic.twitter.com/P84m14WF3G
Saylor's company, MicroStrategy, typically announces an acquisition every week, but weeks without any acquisitions are not uncommon. The company typically announces an acquisition the week following a week without any acquisitions. However, Michael Saylor has never hinted at a weekly acquisition.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Revolut sets out to challenge Indian banks and their 'exorbitant' foreign exchange charges
Social Media Buzz Sparks Massive Surge in Memecoins
In Brief Memecoin interest within the BNB ecosystem has significantly reignited. Zhao's social media posts caused memecoins like GIGGLE to reach record levels. Liquidity rotation and donation mechanisms contribute to the ecosystem's rising momentum.
Over $2.5 Billion Short Liquidations Could Trigger When Bitcoin Breaks Above $125,000 Again
BlackRock acquires $437.5M of Ethereum
Trending news
MoreCrypto prices
More
