The orange dots are getting denser again—Saylor is about to turn Strategy into a Bitcoin ETF, this Bitcoin ETF.

View Original
CoinNetwork
Coin World Network news: 99bitcoins reported that Michael Saylor posted Strategy’s orange-dot Bitcoin acquisition tracker on X, along with the caption “More orange dots look better,” which traders quickly interpreted as a teaser for another corporate Bitcoin purchase. The post followed a confirmed purchase of approximately $100 million worth of Bitcoin, made between June 8 and 14, and it was published over the same weekend when US-Iran emergency talks pushed Bitcoin prices back above $64,000. The orange-dot chart is a public tracker that Strategy has maintained since it first adopted Bitcoin as a treasury reserve asset in 2020. The most recently confirmed purchase was 1,587 Bitcoins at an average price of $63,024 per coin, totaling approximately $100 million. If a third consecutive week of purchases is confirmed, more than $300 million will be deployed within less than a month.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned