Michael Saylor is Back in the Spotlight: Bitcoin Move Could Be Announced Tomorrow

Michael Saylor, founder of Strategy (formerly MicroStrategy), the company with the largest Bitcoin holding in the world, signaled that he will buy Bitcoin today as part of a Sunday tradition.

Saylor cited a chart showing each $BTC purchase by the company as an orange dot, asking for “more orange to be posted” on the chart. This suggests that the company will announce that it will be purchasing $BTC, likely tomorrow. The company has likely already made the purchase and will announce it tomorrow.

When we examine the statistics, we see that the company currently has a total of $61.81 billion worth of Bitcoin. The company theoretically made a 51.89% profit from these purchases. The purchases were made at an average of $70,046 and the company currently has 580,955 $BTC.

Strategy announced its last $BTC purchase exactly a week ago. Since the $BTC price has been partially flat since then, we can say that the company only lost $91,288, or 0.12%, from this purchase.

*This is not investment advice.