Investor expectations for another large bitcoin purchase are rising after Michael Saylor shared a chart highlighting Strategy’s growing bitcoin treasury.
Saylor posted the message “Stretch the Orange Dots” on X alongside a chart showing the company’s long-running bitcoin accumulation strategy across multiple market cycles.
The chart shows Strategy has completed 102 purchase events, building a treasury of 738,731 BTC worth roughly $52.9 billion based on the current price of Bitcoin.
The post has fuelled speculation of another large acquisition after the company disclosed last week that it bought 17,994 BTC for about $1.28 billion at an average price of roughly $70,946 per coin.
Strategy’s dashboard shows its shares trading near $139.67 with a market capitalisation of about $47.8 billion and enterprise value of roughly $62.6 billion as investors continue to track the company’s bitcoin-focused treasury model.
The company also reported about $2.25 billion in cash reserves and $8.25 billion in total debt, while its balance sheet metrics indicate 11% net leverage supporting its bitcoin accumulation strategy.
Corporate demand for bitcoin is gaining attention, with Adam Back suggesting companies pursuing bitcoin treasury strategies could eventually purchase as much as 10 times the network’s daily mined supply.
At the time of reporting, Bitcoin price was $74,064.50.