MicroStrategy founder Michael Saylor has once again shared Bitcoin Tracker data with the public.
Saylor is known to typically make these updates just before MicroStrategy announces new Bitcoin purchases. The company has previously officially announced its new BTC holdings in the days following these posts. Therefore, the market is focused on the possibility of another announcement from MicroStrategy about increasing its Bitcoin holdings next week.
Saylor used the phrase “What happens if we start adding green dots?” in her post, giving the message that new purchases may be on the way.
In response to this development, Bitcoin critic Peter Schiff issued a scathing assessment of Saylor and his company’s policies. Schiff argued that MicroStrategy’s strategy was risky for investors, saying, “You will continue to average your Bitcoin cost upwards and destroy more value for shareholders.”
Updated Bitcoin Tracker data shows that MicroStrategy holds 649,870 BTC. The portfolio’s total value is approximately $59.45 billion. The average cost is $74,433, and the current profitability is 22.91%, resulting in a profit of approximately $11.08 billion.
*This is not investment advice.