📌 Sailor hinted at an impending BTC purchase as bitcoin value slipped below the $68K
– Key Facts: The firm holds 717,131 BTC despite unrealized losses of $5.8 billion at current value.
Bitcoin has shed more than 40% from its peak as ETF outflows weigh on sentiment.
Seylor’s post hints at a possible 100th bitcoin hoard soon.
Michael Saylor gave a hint of a bitcoin acquisition when BTC was trading below $68,000. Strategy’s executive chairman posted a chart of the company’s savings in X with the caption Orange Age.
Similar reports have appeared prior to past acquisition announcements.
At the time of preparation of the material bitcoin was quoted at $67,457. Over the past 24 hours, the asset has fallen by 2% , and over the past month – by almost 24% . The value is holding below the $70,000 mark after the recent breakthrough of this level.
Saylor previously shared chart updates on the weekend before making previous bitcoin purchases. Such posts were often published on the Monday before reporting new purchases. The latest posting promises a potential 100th purchase.
February 17, Strategy purchased 2,486 BTC worth $168.4 million. The average price per coin was $67,710. The total portfolio reached 717,131 BTC purchased for $54.52 billion.
Strategy’s average purchase price is $76,027 per bitcoin. At the current BTC price of $67,457, the unrealized decline in position is estimated to be approximately $5.8 billion. The company continues to accumulate capital through loans and share issuance while maintaining its bitcoin holdings.
Bitcoin is down more than 40% from its high of over $125,000. At the beginning of the week, the asset failed to consolidate above $70,000. Selling triggered a drop in the price to $68,000.
Cryptocurrency Fear and Greed Index reached the value of 9, signaling an extreme degree of fear. ETF data shows a cumulative outflow of $8.3 billion from an all-time high. Analysts also point to competition from gold and stablecoins due to shifting demand.
Recent changes in trade policy have introduced an across-the-board 15 percent duty as part of the revised measures. Markets continue to react to macroeconomic events amid fluctuations in cryptocurrency prices.
Strategy shares traded in a range of $129.41 to $136.14 on Friday. The stock closed with a gain of 1.24% on volume of 17.6 million units. After the close of trading quotations held around $131.