Is Bitcoin Bull Michael Saylor Preparing to Buy BTC? He Made a Post on His Social Media Account! Here Are the Details

Michael Saylor, founder and chairman of Strategy, the world’s largest institutional Bitcoin investor, has given strong signals that a new Bitcoin purchase may be announced soon, in his recent post on the social media platform X.

On Sunday, Saylor shared a chart showing the company’s Bitcoin acquisitions, known among investors as the “orange dots chart,” stating, “It’s a good time to add more dots.” In the cryptocurrency community, such posts are generally considered a signal that comes before Strategy announces new Bitcoin purchases.

In the past, similar posts by Saylor have often been followed by official reports released on Mondays, announcing the company’s Bitcoin purchases from the previous week. However, this post suggests not only the possibility of new purchases but also that current price levels are considered attractive.

According to the company’s latest statements, as of May 31, Strategy holds a total of 843,706 $BTC at an average cost of $75,699. At current market prices, the value of these assets is approximately $52.2 billion, while the company’s unrealized loss reaches approximately $11.7 billion. This figure indicates that the total position is at a loss of approximately 18 percent.

The announcement comes after the company announced on June 1st that it had conducted its first Bitcoin sale since late 2022. Between May 26th and 31st, Strategy sold 32 $BTC, generating approximately $2.5 million in revenue. The funds from the sale will be used to pay dividends for the company’s STRC (Swiss Rate Reserve) preferred stock program.

Although the amount sold represented only 0.004% of the company’s total Bitcoin reserves, the move drew criticism from some investors who argued it contradicted Saylor’s long-standing “never sell” approach. However, Saylor had previously stated that the company aimed to buy 10 to 20 Bitcoin for every Bitcoin sold.

Analysts believe that Bitcoin’s recent drop to levels around $61,000 could create opportunities for new purchases for Strategy. Especially considering the company recently sold at an average price of $77,135, a potential purchase at current levels could offer a cost advantage.

Markets are now focused on any potential Bitcoin purchase announcement that Strategy might make in the coming days. Such a move could both confirm the company’s commitment to its long-term Bitcoin strategy and influence investor sentiment in the markets.

This is not investment advice.