MicroStrategy founder Saylor has again posted an orange dot for Bitcoin, possibly signaling an increase in $BTC holdings.
According to previous patterns, the orange dot represents MicroStrategy's Bitcoin purchase record. This usually means the company is about to increase its BTC holdings.
Moreover, MicroStrategy's habit is to post a preview, then officially disclose the position change the next day.
Reviewing previous actions:
End of August: bought 4,603 BTC at an average price of $80,318
September 20: bought 950 BTC and simultaneously repurchased 174 million STRC
Current total holdings: 846,000 BTC
Why this time is worth attention:
First, Saylor's previews have almost never failed. Every time he posts an orange dot, there is a purchase action the next day.
Second, MicroStrategy has funds. As of September 13, the account balance available for flexible coin purchases is still $1.3 billion.
Third, BTC is currently around $82,000. This level is still above MicroStrategy's cost basis ($75,416) but not considered high.
Tomorrow, there is a high probability of another purchase announcement.
#Institutions continue to build positions, why is BTC still under pressure?
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