Michael Saylor Highlights Strategy’s Significant Bitcoin Holdings
- Strategy holds a Bitcoin portfolio valued at $61.25 billion.
- The firm acquired a total of 673,783 BTC for approximately $50.55 billion.
- Recent purchases included buying 1,283 BTC for $116 million at an average price of $90,391 each.
- As of July, the firm was reported to be about 83% invested in its Bitcoin strategy.
- Analyst Ted noted BTC is consolidating around the $90,500 to $91,000 area with potential downside risks near $88,000-$88,500.
Saylor’s recent post on X referencing “Big Orange” has sparked speculation about further Bitcoin acquisitions by Strategy. The company’s significant holdings and recent purchasing activity indicate a strong commitment to its Bitcoin strategy amidst market fluctuations.
With an average cost base of $75,026 per BTC and total holdings valued at over $50 billion, Strategy’s position reflects substantial investment in Bitcoin.
