Michael Saylor, co-founder of Strategy, has shared an update indicating the company's significant Bitcoin holdings and hinting at a potential new purchase. The update included Strategy's latest "Bitcoin Tracker," a graphic Saylor frequently shares when the company reviews its Bitcoin position. Historically, the release of this chart has often preceded an acquisition announcement within a day.
Strategy now holds 650,000 BTC, worth $57.67 billion.
Saylor’s new “Bitcoin Tracker” post is widely seen as a prelude to another BTC buy.
Despite Bitcoin being down 12% over the year, Strategy’s stock has fallen far more sharply at –54.69%.
Saylor captioned the latest update with a brief message about "returning to the orange dots," a phrase he uses internally to signify periods of active accumulation. This comment has intensified expectations that Strategy may be preparing to increase its Bitcoin holdings once again.
Strategy's Bitcoin Stack Reaches 650,000 BTC
The recently published figures reveal that the company now holds 650,000 BTC, a position valued at $57.67 billion at current market prices.
The average purchase price per coin stands at $74,436. This places the firm’s current holdings at approximately 19.20% in profit, reflecting more than $9.29 billion in unrealized gains.
Over the years, Strategy has completed 88 separate Bitcoin acquisitions. Each acquisition has followed a similar communication pattern: Saylor posts the tracker, and shortly thereafter, the company announces another purchase. Traders now consider these posts as early indicators of Strategy’s buying rhythm.
A Sharp Company–Bitcoin Performance Gap
While Strategy's Bitcoin holdings are in the green, the company's stock price presents a contrasting narrative.
Over the past twelve months, Strategy's shares have experienced a decline of 54.69%. This performance significantly underperforms Bitcoin's –12.30% decrease during the same period.
This substantial discrepancy highlights the company's leveraged exposure to Bitcoin. When Bitcoin's price drops, Strategy's stock tends to fall more dramatically, and conversely, when Bitcoin rallies, the stock typically magnifies those gains.
Despite these market fluctuations, Saylor has shown no inclination to alter the company's strategy. His messaging remains consistent: every market correction is viewed as another opportunity to increase the company's long-term Bitcoin position.