Michael Saylor, renowned Bitcoin advocate and MicroStrategy executive, has given another strong bullish indication that he plans to buy more Bitcoin imminently. In his regular Sunday update, Saylor highlighted "orange dots" on a chart representing his company’s Bitcoin purchase points, affirming that "orange is his favorite color," signaling another purchase likely to occur soon.
MicroStrategy currently holds approximately 580,250 BTC, equating to about $60.83 billion in assets at the current Bitcoin price of $104,764. The company initially invested around $40 billion to acquire these assets at an average price of $70,002 per BTC, resulting in an unrealized profit of roughly 50%, or $20 billion.
Saylor’s recent tweet has had notable market effects, including a 2.3% increase in Bitcoin’s price within 24 hours. His long-standing strategy emphasizes accumulating Bitcoin during this decade (2025-2035), viewing it as a final opportunity before supply constraints set in. MicroStrategy’s strategic acquisitions are seen as contributing to market confidence and price stability.
The market's positive reaction extends to correlated assets such as MicroStrategy’s stock and potentially crypto-related ETFs, which often mirror Bitcoin’s price dynamics. Saylor’s proactive stance continues to reinforce bullish sentiment around Bitcoin accumulation in both the short and long term.