Michael Saylor Hints at New Bitcoin Purchase Amid Price Drop

According to Odaily, Strategy Chairman Michael Saylor has suggested a potential new purchase of Bitcoin following a price decline to a two-week low of $87,600 on Sunday evening. Saylor hinted at this move with a post on the X platform stating, 'Back to More Orange Dots.' Strategy's most recent acquisition was on December 12, when it purchased 10,624 BTC, marking the largest purchase since late July. Currently, Strategy holds 660,624 BTC, valued at approximately $58.5 billion at the current price, with an average cost of $74,696 per Bitcoin. Some analysts speculate that the selling pressure is linked to the Bank of Japan's upcoming interest rate decision. Prediction platform Polymarket indicates a 98% probability of a 0.25% rate hike by the Bank of Japan this Friday. Justin d'Anethan, Head of Research at market advisory firm Arctic Digital, noted that the anticipation of a rate hike in Japan is prompting traders to take profits, with expectations of further price declines. Analyst Sykodelic believes that the market has already factored in the Bank of Japan's actions.