
Michael Saylor hints at further BTC purchases; company holds $58.5 billion worth of BTC.
Strategy Chairman Michael Saylor hinted at another Bitcoin purchase after the price fell to a two-week low of $87,600 late Sunday. Saylor posted "Back to More Orange Dots" on the X platform, suggesting another Bitcoin buy. Strategy's most recent purchase was 10,624 BTC on December 12th, its largest single purchase since late July. Strategy currently holds 660,624 BTC, worth approximately $58.5 billion at current prices, with an average cost of $74,696. Some analysts speculate that the selling pressure stems from the Bank of Japan's upcoming interest rate decision. The prediction platform Polymarket shows a 98% probability of a 0.25% rate hike by the Bank of Japan this Friday. Justin d'Anethan, research director at market advisory firm Arctic Digital, stated that expectations of a Japanese rate hike have led traders to take profits, anticipating further price declines. Analyst Sykodelic believes the market has already fully priced in the Bank of Japan's action.

