On April 26, Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), once again published his iconic orange dot Bitcoin chart with the caption “The ₿eat Goes On,” signaling the company’s ongoing accumulation of the leading cryptocurrency. The chart displays 107 separate purchase events since Strategy’s first Bitcoin acquisition, covering a price range from below $20,000 to over $120,000, with each purchase marked by an orange dot along the timeline.
Orange Dot Chart Unveils Strategy’s Bitcoin Stack
According to the chart, Strategy now holds 815,061 Bitcoin acquired at a total cost of approximately $61.56 billion, with an average purchase price of $75,527 per BTC. At current market prices, the company’s Bitcoin reserve is valued at roughly $63.46 billion. The chart also illustrates Bitcoin’s price trajectory from below $20,000 to above $120,000, highlighting how Saylor’s firm steadily built its position across market cycles.
Latest Buy: 34,164 BTC at $74,395 Average Price
This chart update came just one week after Saylor’s April 19 post with the message “Think Even Bigger.” The following day, Strategy announced it had purchased 34,164 Bitcoin for about $2.54 billion, at an average price of approximately $74,395 per coin. This acquisition brought total holdings from roughly 780,897 BTC to 815,061 BTC, further cementing Strategy’s position as the largest corporate Bitcoin holder globally.
Strategy Financial Dashboard: Leverage and Coverage Metrics
Strategy’s financial dashboard provided additional details: its stock MSTR traded at $171.02, down 0.84%, with Bitcoin per share at 213,597 sats. Market capitalization stood at $59.685 billion, enterprise value at $79.177 billion, and daily trading volume at $2.395 billion. Implied volatility was 65%, reaching as high as 72% over the past 30 days. Open interest totaled $47.83 billion. Bitcoin reserves were valued at $63.552 billion with BTC trading at $77,972, while U.S. dollar reserves were $2.25 billion and total debt reached $8.254 billion. Net leverage was 9%, dividends around $1.489 billion, preferred stock $13.54 billion, amplification ratio 34%, and coverage metrics stood at 42.7 years in BTC and 18.1 months in USD.
The latest chart update reinforces market expectations that Strategy will continue its aggressive Bitcoin accumulation strategy. Saylor’s simple orange dot chart has become a powerful signaling tool; each time it appears, the market anticipates a new purchase announcement within days. This pattern has proven consistent, prompting traders and analysts to closely monitor Saylor’s social media activity for clues about future Bitcoin acquisitions.