Michael Saylor, co-founder of the newly branded Strategy Inc. MSTR, hinted at a potential Bitcoin BTC/USD purchase on Sunday after a one-week break.
What Happened: Saylor posted a chart that tracks the company’s Bitcoin purchases on X.
“Death to the blue lines. Long live the green dots,” the influential CEO of Strategy, formerly known as MicroStrategy, wrote.
Notably, Saylor has been posting the chart on Sundays for the past several weeks, preceding Bitcoin acquisition the following Monday. The trend persisted for 12 consecutive weeks before the firm took a break from loading the apex cryptocurrency last week.
The latest post possibly signaled the resumption of the Bitcoin-buying streak.
See Also: Trump-Announced Wealth Fund Should Choose MicroStrategy Bonds Over Bitcoin, Analyst Says
Why It Matters: Just last week, Strategy unveiled its new logo featuring a stylized “B,” marking its pivot to a Bitcoin-centric company.
The rebranding comes in the middle of an aggressive Bitcoin acquisition strategy, one that has boosted the firm’s coffers to 471,107 BTC, worth over $45 billion, according to bitcointreasuries.com. Strategy was sitting on unrealized gains of over $14 billion.
Strategy reported fourth-quarter revenue of $120.7 million last week, missing analyst estimates of $123.25 million. The company reported a fourth-quarter adjusted loss of $3.20 per share.
Price Action: At the time of writing, Bitcoin was exchanging hands at $95,811.92, down 1.02% in the last 24 hours, according to data from Benzinga Pro.
Shares of MicroStrategy closed 0.65% higher at $327.56 during Friday's regular trading session.
Price Action: Shares of Strategy closed 0.65% higher at $327.56 during Friday's regular trading session.
Image via Shutterstock
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