Michael Saylor has hinted at a new billion-dollar Bitcoin buy despite a $5 billion paper loss. Explore why Strategy's "orange march" continues against all odds.
Michael Saylor has hinted at a new billion-dollar Bitcoin buy despite a $5 billion paper loss. Explore why Strategy's "orange march" continues against all odds.Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.
Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.his latest battle cry on X, declaring that the"orange march" continues. And quite possibly these are not just words, as behind them may stand another billion-dollar purchase from the largest corporate holder of Despite the fact that the company is sitting on an unrealized loss of more than $5.28 billion, which is about a 9.12% drawdown on their portfolio, Saylor seems to be celebrating with another giant orange dot likely to appear on the chart, pushing Strategy’s reserves above 761,000-768,000 BTC.Usually such Saylor posts are a teaser before an official report to the SEC. Already tomorrow morning we may learn that the 104th purchase has been made. Whether it will become the largest one is a big question. No, XRP Is Not Financial Instrument in Japan Yet, $25 Million Stolen via 200,000 USDC Trade in Resolv Labs Hack, 120 Billion Shiba Inu Exits Exchanges: Are Whales Back? — Morning Crypto ReportSince the introduction of STRC, Strategy has noticeably increased its Bitcoin purchases. On March 2, it was announced that 3,015 BTC had been bought. On March 9, this figure jumped to 17,994. And on March 16, last Monday, the company announced the purchase of 22,337 Bitcoins.It is obvious that Saylor buys when others are afraid, and his"orange march" is a signal to all of Wall Street. The current In March, the company for the first time presented a massive new financial instrument — perpetual preferred shares Stretch under the ticker STRC. In fact, The market is buzzing. At this pace, the Strategy march could collect 1 million Bitcoins by the end of this year. That would be almost 5% of the total supply in the hands of a single company.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin whale holding $147M wakes after 13 years, makes tiny $56 transferThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Execution quality is the missing metric in Bitcoin and Ethereum marketsThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Market analyst sees further Bitcoin downside, flags $60K as key levelThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Morgan Stanley files amended S-1 for MSBT Bitcoin ETFThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Cointelegraph Bitcoin & Ethereum Blockchain NewsThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
XRP Versus Bitcoin: Why a Failed Retest This Weekend Could Lead to 64% DeclineDiscover why the 200-day MA is critical resistance for the XRP/BTC analysis and how the key support must hold by Monday to avoid a projected 64% bearish correction for XRP.
Read more »