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Michael Saylor is Back on Stage: Bitcoin Move Could Be Announced Tomorrow!
Michael Saylor, the founder of Strategy, the company with the most Bitcoin in the world, formerly known as MicroStrategy, signaled on a Sunday tradition that he would buy Bitcoin in the new week.
Saylor, quoting a graph that shows each BTC purchase by the company as an orange dot, expressed a desire for "more orange to be sent" to this graph. This suggests that the company will likely announce its BTC purchase, possibly for tomorrow. The company likely already made this purchase, and the announcement will be published tomorrow.
When examining the statistics, we see that the company currently holds a total of 61.81 billion dollars worth of Bitcoin. The company theoretically earned a profit of 51.89% from these purchases. The purchases were made at an average level of 70,046 dollars, and the company currently holds 580.955 BTC.
The strategy had announced the last BTC buy out exactly one week ago. We can say that the company has incurred a loss of only $91,288, which is 0.12%, due to the fact that the BTC price has been partially horizontal since that day.
*This is not investment advice.
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