Saylor's Latest Chart Sparks Speculation on Another Big Bitcoin Buy
Michael Saylor's company, Strategy, has raised speculation about another large Bitcoin purchase after a recent chart posted by Saylor hinted at further buying.
The company's latest confirmed holdings stand at 847,666 BTC, acquired for $63.95 billion with an average cost of $75,437 per coin.
Strategy funded its most recent purchase through the sale of MSTR common stock, generating $246.2 million in net proceeds, with $142.7 million used for Bitcoin purchases and $103.5 million for STRC preferred stock repurchases.
Strategy still has $18.84 billion in MSTR shares available for future issuance, but the company has not disclosed any further Bitcoin purchases beyond its last confirmed holdings.
Bitcoin's current price is near $85,250, with the company's $75,437 average acquisition cost remaining below the current market price.