Michael Saylor posted another image, with a caption of only five words: More orange than ever.
The picture shows Strategy’s Bitcoin purchase records. As of October 4, the company holds 847,666 $BTC on its balance sheet, with an average cost of about $75,400, and a total value of about $72.29 billion.
The market reads this line as a signal: there may be another accumulation disclosure coming.
Measured from the first purchase, this whole process has been running for five years: post a graphic, wait for the disclosure, update the data, then post another graphic. The position numbers themselves have become a sentiment indicator—the direction is set by him, while the timing is left for the market to guess.
#BTC #Strategy
The picture shows Strategy’s Bitcoin purchase records. As of October 4, the company holds 847,666 $BTC on its balance sheet, with an average cost of about $75,400, and a total value of about $72.29 billion.
The market reads this line as a signal: there may be another accumulation disclosure coming.
Measured from the first purchase, this whole process has been running for five years: post a graphic, wait for the disclosure, update the data, then post another graphic. The position numbers themselves have become a sentiment indicator—the direction is set by him, while the timing is left for the market to guess.
#BTC #Strategy
