Michael Saylor sparks Bitcoin speculation with chart post
7.2 Investments Michael Saylor hinted at a new Bitcoin buy with a chart post, but no official purchase has been confirmed. The last reported buy was 811 BTC, bringing holdings to 849,327 BTC. Investors await formal disclosure.
Michael Saylor recently shared a familiar Bitcoin accumulation chart on X, captioned “Connecting the dots,” which has fueled speculation about a potential new Bitcoin purchase by Strategy. Despite the buzz, there has been no official disclosure or update regarding the company’s Bitcoin holdings, leaving any acquisition after November 1 unconfirmed. The last reported purchase was 811 BTC for $65.5 million, raising Strategy’s total holdings to 849,327 BTC at an average cost of $75,451 per coin. This acquisition was funded through MSTR stock sales, with additional cash allocated for a $208.2 million repurchase of STRC shares. Saylor’s social media activity has often preceded official purchase announcements, prompting investors to closely monitor his posts for clues. However, details such as the size, price, and funding of any new purchase remain unknown until formal filings are made. Bitcoin is currently trading near $75,900, just above Strategy’s average cost, as the crypto community awaits confirmation of any new acquisition.
