Here we go again.
On June 8, Michael SaylorāStrategyās top dog and Bitcoinās hype maestroādrops:
āSend more Orangeā š on X.
No chart, no data dump. Just a three-word tease. But if youāve been following the beat, you know: these tweets often mean the BTC-buying machine is revving up.
Week #9 of BTC Buysā¦ or Just Theater? š§
Pattern holds, and we might be staring at a ninth straight week of Bitcoin accumulation for Strategy.
Cool, right? Or is it becoming a bitā¦ predictable?
It starts to feel less like strategy and more like performance art with investor capital.
Last Weekās Move: 705 BTC at ~$106k/ea š°
Between May 26 and June 1, Strategy acquired:
ā¢ 705 BTC
ā¢ Spending roughly $75 million
ā¢ Avg. cost: about $106,495 per coin
Now holding 580,955 BTC, worth roughly $61.4 billion at todayās ~$105,700 price.
Theyāre up around 50%, netting ~$20.6B in unrealized gains. Nice haulābut hereās the catch: their balance sheet now rides on one very spiky asset.
$1B Capital RaiseāAnd Itās All About BTC?
Right before the tweet, Strategy announced a boost:
Raising $1 billion, not the earlier $250 million.
Use of proceeds?
1. āGeneral corporate purposes.ā
2. And yes, more Bitcoin.
Coincidence? Maybe. But it sure feels like a well-timed poker bluffā¦ or a calculated push.
Is This a Long Gameāor High-Wire Act?
Supporters say itās bold vision for digital gold.
Critics? They warn: too much Bitcoin exposure if things go sideways.
Make no mistakeāStrategy is less of a tech firm now and more like a publicly traded BTC vault with a CEO who loves the spotlight.
Your Move, Crypto Fam:
ā¢ Think another BTC drop is coming? Reply with š
ā¢ Starting to question if itās style over substance? Hit us with a š§
In the world of Saylor Cinematic Universeā¢, this feels like Act 3. But is it blockbusterāor flop?