**Strategy's Bitcoin Hoarding Reaches New High, Michael Saylor Announces Return to "Orange Moment"**

Strategy Executive Chairman Michael Saylor recently shared the latest asset dashboard data on X platform, accompanied by the comment "Back to Orange," hinting at new developments in the company's Bitcoin investment strategy. According to the disclosed cumulative holdings data, after the last purchase on December 15, Strategy currently holds a total of 671,268 BTC, with the book value of these assets approaching the $58.9 billion mark.

**Valuation Hits Historic Lows, "Floor Price" Support Clearly Evident**

More notably, Strategy's stock price corresponding to the mNAV indicator has fallen back to near or slightly below the 1x level, meaning the company's stock price is roughly equal to the fair value of its Bitcoin holdings, with occasional periods of discount. Under this condition, the "floor price" of the mNAV has been pushed up to $148.40 per share, representing an increase of over 25% from $118.00 a year ago, demonstrating the long-term holding strategy's value accumulation.

**Bitcoin Enthusiasts Optimistic About the Future, Annual Return Expected to Meet Targets**

Bitcoin supporter and "The Big Harvest" author Adam Livingston pointed out in related discussions that a large-scale BTC purchase wave may soon commence. His analysis suggests that Bitcoin's full-year performance in 2025 is expected to reach around 25%. Currently, BTC is trading at $92,720, and based on this price, Strategy's holdings have substantial anti-dip properties.

These series of data reflect that institutional-level long-term allocation enthusiasm around Bitcoin continues, and Strategy's strategy of continuously accumulating Bitcoin positions to hedge risks and store value is gradually gaining market recognition.