Michael Saylor Hints at Fresh Bitcoin Buy Amidst MicroStrategy's Significant Unrealized Losses
Michael Saylor Hints at Fresh Bitcoin Buy Amidst MicroStrategy's Significant Unrealized Losses
Michael Saylor, a prominent Bitcoin proponent and executive chairman of MicroStrategy, has hinted at a potential new Bitcoin acquisition. This comes after the company recently reported its first Bitcoin sale since 2022 and its extensive Bitcoin holdings are currently estimated to be $11.7 billion underwater.
MicroStrategy's Latest Bitcoin Maneuvers
According to The Block, Michael Saylor has recently posted a cryptic 'add more dots' message, leading to speculation of a fresh Bitcoin purchase. This development closely follows MicroStrategy's disclosure of its first Bitcoin sale since 2022. The context for this potential new buy is that MicroStrategy's existing Bitcoin strategy currently sees its holdings sitting $11.7 billion underwater. The timing also coincides with voting closing on a STRC dividend amendment.