Michael Saylor, one of the biggest Bitcoin bulls, hinted in his statement that he will buy BTC again tomorrow, as a Sunday classic.
In this post, which he posts almost every Sunday, Saylor pointed to the “orange dots” that mark each purchase on a chart showing his company Strategy’s Bitcoin purchases, and said that “orange is his favorite color,” meaning that Strategy will likely be buying BTC tomorrow.
On the other hand, with the BTC price repeatedly breaking the all-time high price level record and the Strategy’s assets also increasing, the company’s current Bitcoin assets are a matter of curiosity.
According to the latest data, Strategy currently holds $60.83 billion worth of BTC. The company paid approximately $40 billion in total for these assets, and with current data, they have made a profit of 50%, or $20 billion, from BTC investors. Let us also remind you that these profits are not realized and that in the event of a sale, not all assets can be sold at the same price.
The company acquired these BTCs at an average price of $70,002, excluding the purchase to be announced tomorrow. At the time of writing, the BTC price is trading at $104,764.
*This is not investment advice.