Michael Saylor isn’t showing any signs of slowing down anytime soon. Fresh off Strategy’s recent announcement of adding another 10,100 Bitcoin (BTC), the company’s chairman is already signaling that even more accumulation could be on the way.
Earlier today, a cryptic yet familiar teaser dropped, and the timing is similar to previous patterns, where Saylor tends to make announcements on the weekend.
The new Bitcoin has pushed Strategy’s holdings to an impressive 592,100 BTC, which is now worth over $60.8 billion. This latest purchase was about $1.15 billion and is the biggest one the company has made since March.
With an average purchase cost of around $70,664 per Bitcoin, Strategy is comfortably sitting on unrealized gains of approximately 45%, thanks to Bitcoin’s current market price quoting near $102,600. Even though Bitcoin has cooled off a bit from last week’s high of over $108,000, it’s still pretty profitable.
Since the start of this year, Strategy has been on a shopping spree, snapping up over 140,000 BTC no matter what the market is doing.
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Right now, Bitcoin makes up almost 59% of Strategy’s total market capitalization, which is about $103.3 billion. Investors are still paying over the odds to get exposure, as shown by the company’s net asset value (NAV) multiple, which is at about 1.699x.
Even though there wasn’t an extra purchase this week, it’s pretty clear that Saylor’s strategy of accumulation and signaling is still going strong.
