Michael Saylor Hints at Another Bitcoin Purchase

Michael Saylor's Strategy has hinted at another Bitcoin purchase, potentially as early as tomorrow. This comes after the company acquired 17,994 BTC last week and as Bitcoin's price recovers by 1.15% in the past 24 hours.

The hint was made through a cryptic X post, continuing a pattern linked to previous purchases. In an X post, Michael Saylor shared the phrase 'Stretch the Orange Dots', which some interpret as a signal of another Bitcoin purchase.

Strategy currently holds 738,731 BTC valued at around $53 billion at current prices. The company's average entry price is $75,863 per coin, with a total cost basis of near $56.04 billion. However, the position shows an unrealized loss of roughly $3 billion, representing a decline of about 5.4%.

The hint has sparked speculation among crypto traders, who predict that Michael Saylor's Strategy may have already purchased more than 1,000 BTC this week through its at-the-market share program. This would allow the company to raise funds for additional purchases and expand its Bitcoin treasury.