Michael Saylor Signals Another Bitcoin (BTC) Buy – Here’s the Price Level Where He Will Suffer Losses If BTC Price Declines
Technology company MicroStrategy (MSTR), which has been on the agenda almost every week with its Bitcoin (BTC) purchases, may announce another purchase tomorrow, according to its founder.
The company’s founder, Michael Saylor, shared a chart showing the company’s Bitcoin purchases as orange dots on social media, along with the message “not enough orange.” This now-traditional message means that the company will announce that it has purchased Bitcoin tomorrow.
The company currently holds 531,644 BTC worth $44.99 billion. The company purchased them at an average price of $67,584. At the time of writing, the BTC price is trading at $84,527, approximately 25% higher than the price the company purchased it at. Currently, MicroStrategy has an unrealized profit of $9.05 billion from its BTC investment.
There have been speculations for a while that the company will be in trouble if Bitcoin falls. Regarding these discussions, Saylor said that they will continue to buy and will buy all the coins even if the BTC price drops to $1.
*This is not investment advice.
