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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Michael Saylor Gave a Bullish Signal That He Will Buy Bitcoin Again: Here is the Current Amount of BTC He Holds!
Michael Saylor, one of the biggest Bitcoin bulls, hinted in a statement that he would again buy BTC tomorrow as a classic of Sunday.
In this weekly share he conducts almost every Sunday, Saylor referred to the "orange dots" marking each purchase on a graph showing the Bitcoin buyouts of his company, Strategy, and stated that "orange is his favorite color." This likely means that Strategy will probably make a BTC purchase tomorrow.
On the other hand, with the BTC price repeatedly breaking its all-time high price record and the increase in the assets held by Strategy, the company's current Bitcoin assets are being wondered about.
According to the latest data, Strategy currently holds BTC worth $60.83 billion. The company paid a total of approximately $40 billion for these assets and, with the current data, has made a profit of 50%, or $20 billion, from BTC investors. It should also be noted that these profits have not been realized and that not all assets can be sold at the same price in the event of a sale.
The company acquired these BTC at an average price of $70,002, not counting the buy out that will be announced tomorrow. At the time this article was written, the BTC price is trading at $104,764.
*This is not investment advice.
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