Saylor teases fresh Bitcoin buy after 82 purchases
Michael Saylor hinted his company may acquire more Bitcoin after posting an updated count of its holdings on Sunday, even as Bitcoin-treasury companies face declining net asset values.
Saylor shared a tracker on X showing his firm Strategy holds 640,250 BTC, valued at roughly $69 billion, accumulated through 82 separate purchases. He wrote, "The most important orange dot is always the next," the same phrasing he has used before announcing new acquisitions. The post prompted speculation that another purchase may be imminent.
The chart Saylor posted listed an aggregate cost basis near $74,000 per coin for the 640,250 BTC position. The timing comes as Bitcoin-treasury companies face pressure from falling prices and shrinking premiums on their holdings relative to the underlying coins.
BitcoinTreasuries.Net data places Saylor's company as the largest corporate Bitcoin holder, controlling approximately 2.5 percent of Bitcoin's total supply. Marathon Digital ranks second with about 53,250 BTC, while other public companies hold smaller positions.
Net asset values across Bitcoin-treasury firms have declined sharply in recent weeks, erasing billions in paper gains. Japan's Metaplanet saw its market-to-BTC NAV ratio drop to 0.99, falling below the value of its actual Bitcoin reserves. The ratio measures whether a company's stock price trades above or below the value of its Bitcoin holdings.
Saylor's firm has built its position over multiple years through repeated purchases and maintains a substantial lead over other corporate holders. Previous social media posts with similar language have preceded official purchase announcements, but this does not mean that the case will repeat itself.
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