Strategy Signals Fresh Bitcoin Buy As Saylor Tweets 'Back To Work'

With Bitcoin trading near $69,000, Strategy is sitting on an unrealized loss on its large cryptocurrency holdings, yet the company’s founder shows no sign of pulling back. Related Reading: Bitcoin ...

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Strategy Signals Fresh Bitcoin Buy As Saylor Tweets 'Back To Work'

Source: NewsBTC

With Bitcoin trading near $69,000, Strategy is sitting on an unrealized loss on its large cryptocurrency holdings, yet the company’s founder shows no sign of pulling back. Related Reading: Bitcoin ETFs Gaining Ground, Could Soon Surpass Gold—Analyst Saylor’s Orange Dot Returns Michael Saylor posted what followers recognized immediately: the orange dot chart his company uses to signal a fresh round of Bitcoin buying. The post, shared on X over the weekend, came with a simple caption — “back to work” — after Strategy sat out the previous week without making a single purchase. The company is expected to confirm the exact amount acquired when it releases its weekly disclosure on Monday. Strategy, which rebranded from MicroStrategy, now holds 762,099 Bitcoin. At current prices, those coins are worth just close to $51 billion. The company paid an average of $75,699 per coin, meaning the current market price leaves it underwater by about 11%. ₿ack to Work. pic.twitter.com/mb

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