Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), posted a new Bitcoin chart on Sunday with the caption “Even more orange.” Posts of this nature have often preceded regulatory filings disclosing new Bitcoin purchases by the company the following day.
Strategy stands as the largest public company holding Bitcoin. The firm typically reports its acquisitions through filings with US regulators on Mondays. On the chart shared by Saylor, orange dots represent Bitcoin purchases, with larger dots indicating larger acquisitions.
A similar post appeared the previous Sunday, featuring the caption “A little more orange.” The following day, a regulatory disclosure revealed that MicroStrategy had purchased 950 Bitcoin for approximately $76 million, averaging $79,670 per coin. That transaction brought the company's total holdings to 846,000 BTC. However, the signals do not always guarantee a purchase; a filing from the week prior showed no Bitcoin transactions.
In addition to its buying activity, Strategy's ledger recorded four sales between June 30 and August 10, totaling 6,916 BTC. Last week, the company also spent $174 million to buy back STRC, a preferred share offering monthly dividends, which was more than double the amount spent on Bitcoin.
Bitcoin recently traded near $84,974, marking a 1% increase over a 24-hour period. This price sits roughly 13% above Strategy's average acquisition cost of approximately $75,416 per coin. Monday's upcoming regulatory filing is expected to clarify whether the previous week's 950-coin purchase signals a return to steady buying or a slower acquisition pace.
