Michael Saylor, founder of Strategy, known for his aggressive investment strategy towards Bitcoin, has once again shared a mysterious Bitcoin update on social media.
Given Saylor's past posts, such announcements typically result in the company announcing a new Bitcoin purchase the following day. Therefore, investors are speculating that a new acquisition announcement may be imminent.
Saylor described the latest buy signal as a “big week.”
According to current data, Strategy's Bitcoin portfolio has reached a value of $61.19 billion. The company holds a total of 641,692 $BTC, with an average price of $74,079. At current prices, the portfolio represents a 28.72% profit, or approximately $13.65 billion.
Looking at the performance comparison, Strategy's portfolio performance continues to lag behind Bitcoin over the past year. The Strategy portfolio has returned -41.36% year-over-year, while Bitcoin has returned +6.08%. This suggests the company's relative performance is 47.44 points lower than $BTC.
Two days ago, Saylor told CNBC in an interview that, as the market plunge deepened, “We're buying quite a bit,” and told investors that new $BTC purchases would be announced on Monday. He also signaled that the company would continue its aggressive buying strategy, saying, “We've accelerated our purchases, and investors may be in for a pleasant surprise.”
*This is not investment advice.