Saylor Teases Potential Bitcoin Purchase as Company's Holdings Climb
Strategy Inc. (Nasdaq: MSTR) may be planning to purchase more Bitcoin, according to its Executive Chairman Michael Saylor.
Saylor shared a chart of the company's holdings on September 27, which showed 846,000 BTC with an average acquisition price of $75,416 per bitcoin.
The chart also included a message from Saylor saying 'Even more orange.'
This is not the first time Saylor has hinted at a potential Bitcoin purchase using this method. On August 30, he shared a similar chart after which Strategy disclosed a $369.7M Bitcoin purchase totaling 4,603 BTC.
Strategy's September 21 filing with the Securities and Exchange Commission reported a purchase of 950 BTC for $75.7M during the preceding week.