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Strategy's Michael Saylor highlights BTC holdings after break

Strategy's Michael Saylor highlights BTC holdings after break

GrafaGrafa2025/02/10 09:50
By:Mahathir Bayena

Michael Saylor, co-founder of Strategy (formerly MicroStrategy), shared a Bitcoin (CRYPTO:BTC) chart after a one-week break from acquisitions, signaling potential future buys.

“Death to the blue lines. Long live the green dots,” Saylor stated, posting the chart to his 4.1 million followers on X, hinting at more Bitcoin purchases soon.

According to SaylorTracker, Strategy currently holds 471,107 BTC, valued at around $45.3 billion.

The company made its latest purchase on January 27, acquiring 10,107 BTC.

Despite recent sideways price action in its stock, Strategy remains focused on Bitcoin as a corporate treasury strategy.

On February 5, the company rebranded from MicroStrategy to "Strategy," adopting a Bitcoin-themed marketing strategy.

“We are innovating in the two most transformative technologies of the twenty-first century — Bitcoin and artificial intelligence,” said CEO Phong Le in a statement about the rebrand.

In its Q4 2024 earnings report, Strategy reported $120.7 million in software business revenue, a 3% decline year-over-year, and a $640 million quarterly loss.

Nevertheless, the company continued to accumulate Bitcoin aggressively.

In Q4 2024, it purchased over 195,000 BTC, marking its largest quarterly Bitcoin acquisition.

Strategy has outlined several potential catalysts for Bitcoin’s price rise in 2025, including a favorable digital asset framework in the U.S., political backing for Bitcoin, improvements in BTC ETFs, and increased institutional adoption.

Currently, Strategy’s stock is trading at about $327 per share, nearly 40% below its all-time high of $543 per share in November 2024.

The stock remains above its 200-day exponential moving average, which serves as critical support for market-traded assets.

At the time of reporting, the Bitcoin (BTC) price was $96,901.29.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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