Michael Saylor, prominent Bitcoin advocate and co-founder of MicroStrategy, hinted at further purchases of the cryptocurrency in a recent post on social media platform X. Sharing a message titled “Back to More Orange Dots” along with a portfolio chart, Saylor’s update has sparked speculation about potential new acquisitions by his company, now known as Strategy.
This signal comes shortly after Strategy revealed its largest Bitcoin acquisition since late July, with the purchase of 10,624 BTC (approximately $963 million) on December 12. This buy was executed at an average price of $90,615 per coin, bringing the company’s total holdings to over 660,000 BTC. At current prices, this impressive stash is estimated to be valued at around $58.5 billion, affirming Strategy’s position as the largest corporate holder of Bitcoin globally.
As of recent trading sessions, Bitcoin has been fluctuating around the $90,000 mark, having dipped below this threshold earlier in the week. The cryptocurrency is currently down about 3% over the past week, with its price oscillating between $89,500 and $90,000. Contributing to this decline are factors including significant spot-ETF outflows, highlighted by a record $523 million redemption from BlackRock’s fund. Additionally, uncertainty in macroeconomic conditions, influenced by central bank policies and interest rate expectations, has added to the market’s volatility.
Forecasts for Bitcoin prices are polarized, with organizations like JPMorgan suggesting a range of future scenarios. Some analysts predict a stabilization “floor,” while others believe that Bitcoin could align more closely with gold’s market dynamics by 2026, indicating potential for significant price appreciation if market conditions are favorable.
Saylor’s previous purchases have been seen as pivotal in promoting corporate treasury adoption of Bitcoin and could create additional demand in less liquid markets. If his latest hints indicate another acquisition, it would extend a recent trend of accumulating large amounts of Bitcoin, potentially impacting market sentiment moving forward.
