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Another Bitcoin purchase signal came from Michael Saylor! Here is the level at which BTC price will incur losses if it falls!
The technology company MicroStrategy, which has been in the news almost every week for its Bitcoin (BTC) acquisitions, may announce another acquisition tomorrow according to the founder's statement.
The company's founder Michael Saylor shared a post on social media featuring a chart showing the company's Bitcoin acquisitions marked by orange dots, along with a message stating "there isn't enough orange." This now-traditional message indicates that the company will announce tomorrow that it has acquired Bitcoin.
Currently, the company holds 531,644 BTC valued at 44.99 billion dollars. The company acquired these at an average price of 67,584 dollars. At the time of writing this article, the BTC price is trading at approximately 25% higher than the price at which the company purchased it, at 84,527 dollars. As of now, MicroStrategy has an unrealized gain of 9.05 billion dollars from its BTC investment.
Speculations about how much the company's Bitcoin will drop and put it in a difficult situation have been ongoing for some time. Saylor had stated that in relation to these discussions, they would continue to buy even if the BTC price fell to 1 dollar and that they would acquire all the coins.