Saylor’s Orange-Dot Post Suggests More MicroStrategy BTC Buys
Michael Saylor posted his orange-dot Bitcoin chart on X with the caption “Think Even Bigger” after Strategy Inc. disclosed buying 13,927 BTC last week.
On April 19, Michael Saylor, executive chairman of Strategy Inc. (Nasdaq: MSTR), posted his orange-dot Bitcoin chart on X with the caption “Think Even Bigger.” The image matched a company dashboard that listed a Bitcoin price of $75,789, a bitcoin reserve value of about $59 billion, total holdings of 780,897 BTC and an average cost of $75,789 per Bitcoin.
The dashboard showed Strategy’s stock at $166.52, up 11.80% on the day, a market capitalization of $57.752 billion and an enterprise value of $75.059 billion. The panel also listed bitcoin per share at 205,812 sats and a market NAV multiple (mNAV) of 1.27.
Balance sheet figures on the dashboard included $2.25 billion in USD reserves, $8.254 billion in debt and net leverage of 10%. The display listed annual dividends of $1.237 billion and a reserve value that exceeded the equity market capitalization shown on the panel.
Last week, Strategy disclosed acquiring 13,927 BTC for roughly $1 billion, bringing reported holdings to 780,897 BTC. Market observers have noted that Saylor’s orange-dot posts have often been followed by announced purchases; the company has executed buys during past periods of market dislocation.
Strategy trades on Nasdaq under the ticker MSTR. The orange-dot chart and the dashboard are informal communications that investors and analysts monitor for signs of balance-sheet activity.
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