Michael Saylor, a prominent and vocal advocate for Bitcoin, continues to signal his company Strategy's unwavering commitment to the cryptocurrency through ongoing acquisitions. His recent social media hints confirm that the firm's strategic campaign to accumulate Bitcoin is persistent, demonstrating a consistent belief in the digital asset's long-term value, irrespective of broader market sentiment.
Strategy's Persistent Bitcoin Accumulation
Saylor's latest "Orange Dot Day" post, accompanied by a chart illustrating Strategy's expanding Bitcoin holdings, underscores the continuation of their purchasing strategy. While the exact scale of the newest acquisitions remains undisclosed, the pattern points towards a series of smaller, weekly allocations throughout October. The last publicly confirmed purchases, made between October 13-20, saw Strategy add 387 BTC, elevating its total holdings to an impressive 640,418 BTC. These significant holdings were acquired at an average price of $74,010, highlighting a methodical and long-term dollar-cost averaging approach.
A Profitable and Trusted Investment Approach
Strategy's disciplined investment strategy in Bitcoin has yielded substantial returns, proving highly profitable despite prevailing market uncertainties. With its current Bitcoin portfolio valued at approximately $72 billion (at prices near $114,000), the company has generated a significant paper profit exceeding $25 billion, representing a gain of over 53% since the program commenced in 2020. This consistent performance and transparent "buy on schedule, disclose later" methodology have cultivated strong investor confidence, evident in Strategy shares (MSTR) consistently trading above their net asset value. Saylor's steadfast belief in Bitcoin continues to be a cornerstone of the company's financial strategy.
