With Bitcoin trading near $69,000, Strategy is sitting on an unrealized loss on its large cryptocurrency holdings, yet the company’s founder shows no sign of pulling back.
Saylor’s Orange Dot Returns
Michael Saylor posted what followers recognized immediately: the orange dot chart his company uses to signal a fresh round of Bitcoin buying.
Trending: Even Sabrina Carpenter Can’t Escape Accusations Of Islamophobia: “That’s Your Culture?”
The post, shared on X over the weekend, came with a simple caption — “back to work” — after Strategy sat out the previous week without making a single purchase.
The company is expected to confirm the exact amount acquired when it releases its weekly disclosure on Monday.
Strategy, which rebranded from MicroStrategy, now holds 762,099 Bitcoin. At current prices, those coins are worth just close to $51 billion. The company paid an average of $75,699 per coin, meaning the current market price leaves it underwater by about 11%.
₿ack to Work. pic.twitter.com/mbZTWiNUct
— Michael Saylor
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!