Forecast Trend Report by Period
Michael Saylor, executive chairman of Strategy, has hinted at another Bitcoin purchase.
Saylor posted the company’s so-called “orange dot” chart on X on July 19 with the caption, “What’s next.”
He has repeatedly shared the chart, which tracks Strategy’s Bitcoin holdings, ahead of the company’s Bitcoin purchases. That is why the market views the latest post as a signal that Strategy may be preparing to buy more Bitcoin.
In a recent interview, Strategy Chief Executive Officer Phong Le said the company’s balance sheet would come under pressure only if Bitcoin fell to $8,000 to $10,000.
Despite the current downturn, Strategy’s financial position remains stable, he added. The company has no plans to abandon its Bitcoin acquisition strategy.
Strategy currently holds about 843,775 Bitcoin. Earlier this month, the company sold 3,588 Bitcoin.
