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$BTC While market analysts argue about the death of the Bitcoin rally, Michael Saylor has just posted his latest battle cry on X, declaring that the "orange march" continues. And quite possibly these are not just words, as behind them may stand another billion-dollar purchase from the largest corporate holder of Bitcoin in the world.
Despite the fact that the company is sitting on an unrealized loss of more than $5.28 billion, which is about a 9.12% drawdown on their portfolio, Saylor seems to be celebrating with another giant orange dot likely to appear on the chart, pushing Strategy’s reserves above 761,000-768,000 BTC.
Why "orange march" continues
Usually such Saylor posts are a teaser before an official report to the SEC. Already tomorrow morning we may learn that the 104th purchase has been made. Whether it will become the largest one is a big question.
Since the introduction of STRC, Strategy has noticeably increased its Bitcoin purchases. On March 2, it was announced that 3,015 BTC had been bought. On March 9, this figure jumped to 17,994. And on March 16, last Monday, the company announced the purchase of 22,337 Bitcoins.