Saylor's Orange Dot Chart Sparks Speculation of Another Bitcoin Buy
Michael Saylor, the executive chairman of Strategy Inc. (Nasdaq: MSTR), has sparked speculation about another Bitcoin purchase after sharing an orange dot chart on X. The chart, which accompanies Saylor's message 'More orange than ever', lists 116 purchase events, with an average cost of $75,437 per coin.
The company's latest acquisition chart follows two consecutive weekly purchases disclosed in September. On September 28, Strategy reported a $142.7 million purchase of 1,665 BTC, averaging $85,681 per coin. The total acquisition cost reached $63.95 billion, funded in part through common shares.
Saylor's message raises the prospect of further buying, with the company's orange dot chart implying another addition to its holdings. The chart values 847,666 BTC at approximately $72.29 billion, based on the current market price.