Michael Saylor reignited speculation of another bitcoin purchase after posting his closely watched orange dot acquisition chart on X, a signal traders increasingly associate with impending balance sheet expansion at Strategy.
Saylor wrote:
“The Turn of the Century.”
Alongside the chart on March 1, with previous similar posts often followed by formal filings detailing fresh bitcoin acquisitions on the next business day.
According to Strategy’s holdings dashboard, the company owns 717,722 BTC valued at approximately $48.09 billion with bitcoin trading near $67,010, reflecting an average purchase price of $56,020 and a cumulative cost basis of about $26.4 billion across 100 separate buys.
The company’s stock was trading at $129.50, down 2.92% on the session, giving it a market capitalisation of $43.27 billion and an enterprise value of $57.68 billion, while open interest linked to the shares stood at $35.18 billion and 30-day historical volatility measured 114%.
“The Turn of the Century,”
Said Strategy executive chairman Michael Saylor, in a post that many traders interpret as a precursor to a new bitcoin accumulation announcement, and following the announcement the Strategy share price was down at $129.50.
Strategy also reports $2.25 billion in USD reserves, $8.25 billion in debt and $8.46 billion in preferred equity, alongside $904 million in annual dividends, with net leverage at 12% and dividend coverage metrics of 53.2 bitcoin years and 29.9 months in USD terms.
With bitcoin hovering near $67,000 and Saylor’s acquisition marker reappearing, market participants are now focused on whether the company will confirm another purchase that would further extend its position as the largest corporate holder of bitcoin.
At the time of reporting, Bitcoin price was $66,519.45.