Michael Saylor hints at a fresh Bitcoin purchase despite NAV collapse

Michael Saylor suggested that his company, Strategy (formerly MicroStrategy), might be preparing for another Bitcoin purchase, indicated by a post on X showing their cumulative BTC purchases and stating, "The most important orange dot is always the next."

Strategy currently holds 640,250 BTC, valued around $69 billion, representing a 45.6% gain over their aggregate cost basis. This post has fueled speculation, as similar cryptic messages have preceded past buying announcements. Strategy remains the world's largest corporate Bitcoin holder, with its reserves surpassing the combined holdings of the top 15 public miners and other corporate treasuries.

This potential purchase comes as corporate Bitcoin treasuries have experienced a turbulent period, with net asset values (NAVs) collapsing and wiping out billions in paper wealth for some firms. For instance, Metaplanet's enterprise value recently fell below the value of its Bitcoin holdings for the first time.

(Source：Cointelegraph)