Source: CryptoNewsNet
Original Title: Big Bull Michael Saylor Releases Anticipated Bitcoin (BTC) Message
Original Link: https://cryptonews.net/news/bitcoin/32260384/
Big bull Michael Saylor, in a new post shared on Bitcoin Tracker, reinforced expectations that the company may be preparing to increase its Bitcoin holdings again this week.
Saylor used the phrase “₿Big Orange” in a social media post. The orange dots on tracker charts typically represent Bitcoin accumulation points, leading to interpretations that a new buy announcement might be imminent. In the past, the company has typically released official announcements regarding BTC purchases the day after such signals.
As of today, the company’s Bitcoin reserves stand at 673,783 BTC. The total Bitcoin reserve value is estimated at $61.21 billion, with an average cost of $75,026. Currently, the BTC position has yielded approximately a 21.09% return, equivalent to a monetary increase of $10.66 billion. As of the same date, cash reserves are recorded at $2.25 billion.
On the performance side, there is a striking divergence. Over the past year, company shares have declined by approximately 52.09%, while Bitcoin’s decline has been limited to 3.91%. This shows that the company’s share performance exhibits a negative relative performance of 48.19 points compared to BTC.
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Big Bull Michael Saylor Signals Anticipated Bitcoin Purchase Move
Source: CryptoNewsNet Original Title: Big Bull Michael Saylor Releases Anticipated Bitcoin (BTC) Message Original Link: https://cryptonews.net/news/bitcoin/32260384/ Big bull Michael Saylor, in a new post shared on Bitcoin Tracker, reinforced expectations that the company may be preparing to increase its Bitcoin holdings again this week.
Saylor used the phrase “₿Big Orange” in a social media post. The orange dots on tracker charts typically represent Bitcoin accumulation points, leading to interpretations that a new buy announcement might be imminent. In the past, the company has typically released official announcements regarding BTC purchases the day after such signals.
As of today, the company’s Bitcoin reserves stand at 673,783 BTC. The total Bitcoin reserve value is estimated at $61.21 billion, with an average cost of $75,026. Currently, the BTC position has yielded approximately a 21.09% return, equivalent to a monetary increase of $10.66 billion. As of the same date, cash reserves are recorded at $2.25 billion.
On the performance side, there is a striking divergence. Over the past year, company shares have declined by approximately 52.09%, while Bitcoin’s decline has been limited to 3.91%. This shows that the company’s share performance exhibits a negative relative performance of 48.19 points compared to BTC.