Michael Saylor Gives the Signal Again, May Announce Bitcoin Purchase Tomorrow – Here’s the Current Profit Amount and Average Purchase Price

Michael Saylor, founder of Strategy, the world's largest institutional Bitcoin buyer, signaled in his statement on X that he will buy Bitcoin again in the new week.

Sharing a chart from the SaylorTracker platform, which tracks Bitcoin purchases made by his company, Saylor had purchased $BTC in all the weeks he shared this chart so far.

Saylor added the caption to his post, “It all started with a quarter-billion-dollar investment in Bitcoin,” a reference to his company’s first $BTC purchase.

In fact, the weeks in which Strategy doesn't purchase Bitcoin are even more surprising. The company announces $BTC purchases in almost weekly filings with the SEC. Additionally, news of capital increases to purchase $BTC frequently surface.

Strategy currently holds $71.85 billion worth of Bitcoin. The company's purchases were made at an average price of $71,777. Considering the current price of $BTC, which is around $118,000, the company has made a 64% profit on this investment.

However, the data showed that Strategy had not yet made a profit from the $739 million acquisition it made last Monday and was incurring a loss of approximately $4.4 million.

*This is not investment advice.