Michael Saylor Posts SaylorTracker Chart For 10th Consecutive Week, Hinting At Another MicroStrategy Bitcoin Buy

MicroStrategy co-founder and Bitcoin permabull Michael Saylor has posted a snapshot of the SaylorTracker chart on X for the 10th consecutive week, a move which typically presages the announcements of another BTC purchase.

“Thinking about the next green dot on SaylorTracker.com,” the MicroStrategy executive said in a Jan. 12 X post.

MicroStrategy

MicroStrategy BTC Position Up More Than 50%

Data from SaylorTracker shows that MicroStrategy currently holds 447,470 BTC, valued at more than $42.15 billion. This comes after the company’s latest Bitcoin buy on Jan. 6, which saw the firm spend $101 million to add 1,070 BTC to its reserves when the crypto was priced at $94,004.

MicroStrategy’s investment in Bitcoin has paid off so far, with SaylorTracker data showing that the company’s position in the leading crypto has achieved an unrealized gain of more than $14.1 billion.

Aggressive BTC Accumulation By MicroStrategy Draws Concern

MicroStrategy’s share price has become a proxy for the overall health of the digital asset sector due to the firm’s substantial BTC holdings. In the past month, BTC’s price has undergone a more than 7% correction to trade at $94,213.46 as of 1:12 a.m. EST. 

The crypto is also 13% down from the all-time high of $108,268.45 that it set on Dec. 17, 2024. This correction has impacted MicroStrategy’s share price, which has retraced more than 19% over the past month. 

The professor of finance at Marquette University, David Krause, recently warned that a steep drop in BTC’s price could have a catastrophic effect on MicroStrategy’s share price. 

Krause went as far to warn that a sudden downward price swing for BTC could result in a bankruptcy liquidation for MicroStrategy. Despite the warnings, Saylor remains committed to his BTC strategy. The Bitcoin bull has also started to present the benefits of adopting Bitcoin as a corporate reserve asset to other firms such as MicroSoft.

Related Articles:

  • Flockerz Soars Past $9.5M In Presale
  • Dogecoin Sentiment Nears Lowest In A Year
  • Cardano Price Prediction for Today, January 12 

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