Michael Saylor Suggests 'Another Color Needed'... Implies Strategy's Bitcoin Purchase Resumption?
Strategy's four-week hiatus from Bitcoin purchases has sparked market interest after Michael Saylor, chairman, hinted at potential repurchases through a cryptic message. However, past instances of Saylor's suggestive posts have not translated into actual purchases, leading to mixed investor interpretations. According to CoinPost, Saylor shared a chart detailing Strategy's 113 Bitcoin purchases, totaling 84,377.5 BTC valued at approximately $54.4 billion. SEC filings reveal cumulative Bitcoin acquisition costs of $63.69 billion at an average price of $75,476 per BTC, resulting in an estimated $9.3 billion loss at current Bitcoin prices of ~$64,600. Recent SEC filings indicate no additional purchases since mid-June, with the last actual buy occurring between June 15-21, acquiring 520 BTC for ~$34.9 million at an average of $67,068 per BTC. Saylor's posts often precede strategic moves, but recent instances have diverged from expected purchasing patterns, including a historic Bitcoin sale following a post about 'orange' in January.