Saylor Sparks Bitcoin Purchase Speculation with 'More Orange Than Ever' Chart
Michael Saylor, CEO of Strategy, has sparked fresh speculation about a new Bitcoin purchase by the company. In a recent chart posted on October 4, Saylor highlighted the 'more orange than ever' dots, each representing a Bitcoin purchase already published by Strategy.
This type of announcement is reminiscent of Saylor's previous messages, which preceded the company's last two acquisitions. The chart does not confirm a new transaction, but rather fuels speculation about a possible new purchase.
Strategy currently holds more than 4% of the maximum Bitcoin supply, with 847,666 BTC as of September 27. The company's purchase cost was approximately $63.95 billion, with an average price of $75,437 per Bitcoin.
The continuation of purchases depends on Bitcoin's price and financing conditions. Strategy's reserve now stands at $5.02 billion, intended for the payment of preferred dividends and debt interests, as well as treasury operations.