Michael Saylor, the executive chairman of MicroStrategy and one of the most vocal institutional buyers of Bitcoin is again stirring up speculation across crypto markets. His most recent coded tweet, Green Dots eget Orange Dots, is commonly considered an indication that another massive Bitcoin acquisition is in the works.
This language is not new to long time observers. Saylor has also given suggestions multiple times involving visual metaphors alluding to the accumulation strategy of MicroStrategy. The so-called green dots, in this instance, are interpreted as the capital inflows or conviction situations, whereas the orange dots are Bitcoin purchases, which has long been a tendency that had been followed by official purchase announcements. Whenever this series has been followed, more BTC has tended to be announced as being deposited on the balance sheet of MicroStrategy by confirmation filings.
By the end of 2024, MicroStrategy owns more than 670,000 BTC, which makes it the largest publicly acknowledged corporate holder of Bitcoin in the world. The average purchase price of the company is far below what the current market is experiencing and the company is in massive profit loss. This situation is what deserves special attention in a hint made by Saylor: he implies that the accumulation will go on even in the face of historically high prices, which solidifies his long-term conviction that Bitcoin is undervalued.
The MicroStrategy is not the only one that influences the market wider. Institutional investors, asset managers, and even policymakers are very vigilant with what Saylor does. Every new acquisition strengthens the story of Bitcoin as a treasury reserve currency and not a speculative currency. Past cycles have indicated comparable hints together with rejuvenated bearishness and heightened institutional trust.
More to the point, this is an indicator at a time of increasing structural demand of Bitcoin - through ETFs, sovereign interest, and long-term holders decreasing supply to the market. It is against that background that what Saylor is saying is not as hype as it is a natural extension of a multi-year, well-disciplined strategy.
According to history, it might soon be confirmed in writing. And in the event that it does, it will further emphasize a strong point, which is that in the case of Michael Saylor, the accumulation of Bitcoin is not a question of timing the market - it is a question of ensuring you own the future.
