Saylor Hints at More Bitcoin Buys as MicroStrategy Awaits Q2 Earnings

Michael Saylor, co-founder and chairman of MicroStrategy, has once again hinted at buying more Bitcoin. On Sunday, he posted Strategy's 'StrategyTracker' chart on X and wrote, 'We're gonna need another color.' This was the fifth consecutive week he shared the chart since their last disclosed Bitcoin purchase.

The chart shows that MicroStrategy has acquired a total of 843,775 BTC through 113 purchases. These holdings are now worth about $54.4 billion, roughly $9.3 billion less than the company's cumulative purchase cost of $63.69 billion, based on a July 20 filing with the US Securities and Exchange Commission.

MicroStrategy has not made any new Bitcoin purchases in the past four weeks, despite Saylor's previous Sunday chart posts often being followed by disclosures of additional Bitcoin buys. The company last purchased Bitcoin between June 15 and June 21, buying 520 BTC for $34.9 million at an average price of $67,068.