Michael Saylor, a prominent figure in the Bitcoin space, has once again shared an update regarding the cryptocurrency, suggesting that his company may be preparing to increase its Bitcoin holdings.
Saylor, the founder of Strategy, utilized the concise phrase "a bigger orange" in a recent social media post. In market parlance, the term "orange" is often used as a representation of Bitcoin purchases. This brief message, due to its resemblance to previous communications, has been interpreted by the market as a potential precursor to a new Bitcoin acquisition.
An analysis of Saylor's past social media activity indicates that Strategy typically makes public announcements regarding its Bitcoin purchases approximately one day after receiving relevant information.
Current Bitcoin Holdings and Performance
According to the most recent available data, Strategy's current Bitcoin portfolio comprises 687,410 BTC. The total estimated value of these reserves is approximately $65.24 billion, with an average purchase cost of $75,353 per Bitcoin. Based on current market data, the company's investment in Bitcoin is demonstrating a profit of approximately 25.95%, equating to over $13.4 billion in unrealized earnings. To date, the company has executed 94 distinct Bitcoin purchases.
A notable comparison emerges when examining performance over the past year. While major technology companies and stock market indices have experienced gains, both Bitcoin and Strategy shares have shown lagging performance during the same period. In contrast to giants like Alphabet, NVIDIA, and Apple, which recorded double-digit percentage increases, Bitcoin experienced a decline of approximately 6%, and Strategy shares lost 56% of their value.