A Cryptic Message Stirs Speculation

Michael Saylor, co-founder of MicroStrategy, has fueled speculation across the cryptocurrency market with a cryptic message: “Orange is the color of November.” The post is widely interpreted as a signal that the business intelligence firm may be preparing for another substantial Bitcoin acquisition.

MicroStrategy’s Growing Bitcoin Hoard

MicroStrategy has established itself as a major corporate holder of Bitcoin, viewing the digital asset as its primary treasury reserve. The company currently holds 640,808 BTC. According to its reports, the firm’s average acquisition cost for these holdings stands at $74,032 per coin.

Potential Market Impact

Another large-scale purchase could have a significant effect on the market. Some analysts suggest that a major new investment by MicroStrategy could help propel Bitcoin’s price toward the $125,000 level. Any further acquisition would underscore Saylor’s long-term conviction that Bitcoin represents the most robust treasury asset available.

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