Michael Saylor’s Cryptic Tweet Sparks Bitcoin Speculation
- Michael Saylor tweeted “Orange is the color of November” on November 2, hinting at a potential Bitcoin purchase by Strategy.
- Strategy currently holds approximately 640,808 BTC with an average cost basis of $74,302 per coin.
- The company’s last known acquisition was around $43 million for about 390 BTC.
- BTCUSD is now trading at $107,367, influenced by market reactions to the tweet.
Michael Saylor’s tweet has led to speculation of another Bitcoin buy by Strategy, formerly MicroStrategy, which already holds a significant amount of BTC. Traders responded quickly to the potential signal, affecting Bitcoin’s market price.
As Strategy has a history of filing disclosures post-purchase, investors are watching for regulatory filings or on-chain activity to confirm any new acquisitions. (Source)
