Saylor hints at bigger Bitcoin buy as Strategy nears 700K BTC

Grafa
Saylor hints at bigger Bitcoin buy as Strategy nears 700K BTC
Saylor hints at bigger Bitcoin buy as Strategy nears 700K BTC
Liezl Gambe
Written by Liezl Gambe
Share

Strategy founder Michael Saylor fuelled speculation of another major Bitcoin purchase with a cryptic “₿igger Orange” post on X.

Saylor shared an image of the company’s Bitcoin purchase tracker without disclosing transaction details.

The post echoed a similar “₿ig Orange” teaser shared a week earlier that preceded a confirmed Bitcoin acquisition.

Following the earlier hint, Strategy announced the purchase of 13,627 Bitcoin for $1.25 billion.

The company paid an average price of $91,519 per Bitcoin for the previous acquisition.

Strategy currently holds 687,410 Bitcoin valued at more than $65 billion.The firm has spent a total of $51.8 billion on Bitcoin purchases since its first acquisition.

Strategy’s average cost per Bitcoin stands at $75,353, according to company data.

The company’s market net asset value was reported at 1.07, indicating a slight premium to its Bitcoin holdings.

Strategy’s shares have risen 12.37% year to date despite remaining sharply lower over the past six months.

Market observers expect further details to be disclosed at 8 a.m. Eastern on Monday.

A purchase exceeding the previous 13,627 Bitcoin buy would push Strategy beyond the 700,000 Bitcoin milestone.

At the time of reporting, Bitcoin price was $92,710.48.

Conecte-se conosco

A Grafa não é um consultor financeiro. Você deve buscar aconselhamento independente, jurídico, financeiro, tributário ou de outra natureza que se relacione às suas circunstâncias únicas.

A Grafa não se responsabiliza por qualquer perda causada, seja por negligência ou de outra forma, decorrente do uso ou da confiança nas informações fornecidas direta ou indiretamente pelo uso desta plataforma.