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Strategy’s bitcoin positioning drew renewed attention as Michael Saylor revived his orange-dot chart. The update followed last week’s major $BTC purchase and sharpened focus on Strategy’s accumulation pattern.
Key Takeaways:
- Strategy drew fresh market attention after Michael Saylor posted another orange-dot bitcoin chart.
- The update followed Strategy’s major bitcoin purchase from the prior week.
- Saylor’s latest message reinforced focus on Strategy’s bitcoin accumulation activity.
Strategy Bitcoin Holdings Show Continued Accumulation Momentum
Strategy Executive Chairman Michael Saylor returned on April 26 with his signature orange-dot chart, signaling the company’s expanding bitcoin position and renewed accumulation momentum. The update showcased cumulative purchases and price movement over time, a format closely watched by market participants as a potential signal of major $BTC buying activity.
Saylor stated: “The ₿eat Goes On.” His chart centered on a bitcoin reserve valued at $63.46 billion, alongside total holdings of 815,061 $BTC. The visual highlighted 107 purchase events, while mapping bitcoin price, Strategy purchases, and average purchase price across the timeline. It tracked price levels from below $20,000 to above $120,000, with orange markers indicating acquisitions at different market points.
Strategy Market Metrics Frame Bitcoin Reserve Exposure
The company’s dashboard summarized its bitcoin-linked financials, showing MSTR at $171.02, down 0.84%, and bitcoin per share at 213,597 sats. Market cap reached $59,685 million, with enterprise value at $79,177 million and trading volume at $2,395 million. It also listed 65% implied volatility, up to 72% over 30 days, and $47,830 million in open interest. Bitcoin reserves stood at $63,552 million, with $BTC priced at $77,972, while USD reserves were $2,250 million and debt totaled $8,254 million. Net leverage was 9%, with $1,489 million in dividends, $13,540 million in preferred stock, 34% amplification, and coverage metrics of 42.7 years in $BTC and 18.1 months in USD.
This latest update followed Saylor’s April 19 orange-dot chart posting, which carried the message, “Think Even Bigger.” The next day, Strategy announced it had acquired 34,164 $BTC for about $2.54 billion at roughly $74,395 per bitcoin, lifting total holdings to 815,061 $BTC acquired for about $61.56 billion at roughly $75,527 per bitcoin.