 ▲ Michael Saylor and Bitcoin / ChatGPT-generated image |
As Bitcoin (BTC) fell below the $68,000 level and showed weakness, Strategy Chairman Michael Saylor hinted at additional purchases.
On February 23 (local time), Saylor posted an image of an orange pill on X (formerly Twitter) along with the phrase “Take more vitamins.” Cryptocurrency market experts noted that Saylor has previously posted symbolic messages alongside orange images representing Bitcoin before announcing large-scale purchases. Considering Strategy’s pattern of buying the dip whenever Bitcoin’s price declines, many analysts believe this remark is also a preliminary signal of further accumulation.
Strategy continues to solidify its position as the publicly traded company holding the largest amount of Bitcoin in the world. The company currently holds approximately 190,000 BTC, with an average purchase price significantly lower than the current market price. Saylor has consistently defined Bitcoin as the company’s core asset and repeatedly emphasized his belief in its role as a long-term store of value.
Recently, Bitcoin has entered a correction phase, slipping below the $68,000 level. However, Saylor and other whale investors view such price declines as opportunities to increase their holdings. Market analysts say that as corporate adoption of Bitcoin accelerates, the market’s downside support is becoming stronger.
Strategy’s Bitcoin acquisition strategy has evolved beyond a simple investment to become a core component of its corporate operating model. Saylor remains steadfast in his belief that Bitcoin is the only viable alternative to hedge against the devaluation of fiat currencies. The market is closely watching the company’s upcoming official purchase report to see how much its Bitcoin holdings have increased.
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