Michael Silver, founder of Strategy, is on the verge of a new Bitcoin (BTC) purchase; this purchase could be the firm’s 13th consecutive investment in Bitcoin.
In a post on X Network, Silver published a chart of the strategy’s $71 billion Bitcoin portfolio, pointing to “November Orange,” keeping traders on the lookout for further buying next week.
The strategy's Bitcoin portfolio now consists of 640,808 Bitcoins, purchased at an average price of $74,032, and has increased in value by more than 48% since the investment began; with an unrealized gain of more than $23.6 billion.
While many investors became cautious after the market crash, the strategy continued to buy, adding another 390 Bitcoins (about $43 million) last week.
This move demonstrates Silver's strong confidence in Bitcoin, regardless of volatile market conditions.
At the same time, Donald Trump's new trade deal with China in Busan may boost optimism in the markets.
Tariff reductions, reopening agricultural markets, and controlling fentanyl exports are among the details of the agreement, which could improve global liquidity and the price of Bitcoin.
