Michael Saylor has hinted that Strategy may buy more Bitcoin after sharing a chart showing $69 billion in BTC holdings.
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Michael Saylor has once again hinted that his company, Strategy (formerly MicroStrategy), may be preparing to buy more Bitcoin, even as corporate Bitcoin treasuries face mounting pressure from a sharp drop in net asset values (NAV).
In a Sunday on X, Saylor shared a chart from the Saylor Bitcoin Tracker, showing Strategy’s cumulative Bitcoin () purchases. “The most important orange dot is always the next,” he also wrote.
The chart, tracking 82 separate purchase events, lists Strategy’s holdings at 640,250 BTC, worth around $69 billion at current prices, up 45.6% from its aggregate cost basis of $74,000 per coin.
The post has fueled speculation among traders that another Bitcoin purchase could be imminent. In the past, similar cryptic posts have from Strategy.
Related:
Strategy leads global Bitcoin treasuries
According to data from BitcoinTreasuries.Net, Strategy remains the world’s dominant Bitcoin-holding corporation with 640,250 BTC. The firm’s holdings represent nearly 2.5% of Bitcoin’s total supply, surpassing the combined reserves of top 15 public miners and corporate treasuries.
In second place is worth approximately $5.7 billion, followed by with 43,514 BTC valued at $4.7 billion. Japan’s Metaplanet (MTPLF) , while the Bitcoin Standard Treasury Company (CEPO) rounds out the top five at 30,021 BTC.
The data also shows that several US-listed firms, including Riot Platforms, CleanSpark, Coinbase and Tesla, maintain smaller but still substantial Bitcoin positions. The top 15 public companies collectively hold over 900,000 BTC.
Related:
Bitcoin treasury NAVs collapse
The post follows a turbulent year for corporate Bitcoin treasuries. In a recent report, 10x Research revealed that Bitcoin treasury firms have , wiping out billions in paper wealth.
Analysts said the boom in Bitcoin treasury companies, which issued shares at multiples of their actual BTC value, has “fully round-tripped,” leaving retail investors deep in losses while firms accumulated real Bitcoin.
On Tuesday, Metaplanet saw its enterprise value fall below the value of its Bitcoin holdings for the first time. The company’s market-to-Bitcoin , signaling that investors now value the firm at less than the worth of its underlying BTC reserves.
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