Strategy co-founder Michael Saylor has signaled a potential new Bitcoin purchase after the cryptocurrency dropped sharply over the weekend, briefly pushing the company’s massive holdings below their average cost basis. Bitcoin fell more than 13%, sliding from recent highs near $88,000 to a low of $75,892 late Sunday before staging a modest rebound.
Saylor posted the phrase “More Orange” on X alongside a long-running chart tracking Strategy’s Bitcoin acquisitions since 2020. The post is widely interpreted as an indication that the firm either added to its position or is preparing to do so. If confirmed, it would represent Strategy’s fifth Bitcoin purchase of the year.
Strategy’s Bitcoin Holdings and Cost Basis
Strategy currently manages more than 712,000 Bitcoin, making it the largest corporate holder globally. The company’s average acquisition cost sits around $76,040 per Bitcoin. During the weekend sell-off, Bitcoin briefly traded below that level before recovering to approximately $76,700, restoring Strategy’s holdings to a marginal unrealized gain.
The firm’s largest purchase this year occurred on January 20, when it acquired over 22,000 Bitcoin in a single transaction. Long-term price appreciation has kept Strategy’s Bitcoin position profitable for most of the past five years
The broader market downturn followed news that U.S. President Donald Trump nominated Kevin Warsh to replace Jerome Powell as Federal Reserve chair. Despite Warsh’s past positive comments on Bitcoin, investors view him as more hawkish, favoring tighter monetary policy. Gold, silver, and equities also declined following the announcement, reflecting a wider risk-off sentiment across global markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.