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Home/News/Michael Saylor Teases Another Bitcoin Purchase by Strategy This Week
CoinGape·20h ago·positive

Michael Saylor Teases Another Bitcoin Purchase by Strategy This Week

Strategy executive chairman Michael Saylor posted his signature "Orange Dots" chart with the caption "Still adding dots," signaling the company is buying more Bitcoin this week. Strategy now holds 845,256 BTC worth $54.36 billion.

  • Saylor shared the 'Orange Dots' chart on X on June 14 with the caption 'Still adding dots,' a pattern that has preceded past Bitcoin purchase announcements.
  • When asked if the signal was 'delusion or conviction,' Saylor replied 'Conviction,' confirming the buy.
  • Strategy recently acquired $101 million in BTC at an average price of $65,332, bringing its total holdings to 845,256 BTC.
  • CEO Phong Le said the only scenario that could force a Bitcoin sale is a $3.5 billion preferred stock maturity in 2028, calling it an 'edge case.'
marketpeopleImpact 6/10
Why our editor rated this positive

Continued institutional accumulation by the largest corporate Bitcoin holder signals confidence in the asset, which is positive for the broader crypto market.

Read the full story at CoinGape

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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