Saylor Signals Possible New Strategy Bitcoin Purchase After Recent Buy
Image: Bitcoin.com NewsMichael Saylor, executive chair of Strategy (formerly MicroStrategy), posted a Bitcoin holdings chart captioned "Even more orange" on Sept 27. The caption has previously preceded the company's public Bitcoin purchase disclosures. Strategy is the largest public Bitcoin holder, with 846,000 BTC valued at $71.81 billion per its latest chart, at an average acquisition cost of $75,416 per BTC. Its most recent confirmed purchase was 950 BTC for $75.7 million the prior week. The company also spent $174 million repurchasing STRC preferred stock in the same reporting period.
Key points
- Strategy spent $174 million repurchasing STRC preferred stock in the same reporting period as the 950 BTC buy.
- The caption has previously preceded the company's public Bitcoin purchase disclosures.
Why it matters
As the largest public Bitcoin holder, Strategy's purchase signals and holdings are a key data point for corporate Bitcoin adoption trends. Its trading activity is relevant to crypto market participants.
What's unclear
Whether the latest "Even more orange" signal will be followed by a new Strategy Bitcoin purchase, as similar signals have not always preceded a buy
The size and timing of any potential new Strategy Bitcoin purchase are not yet publicly disclosed
Price context · BTC
At publication
$84,773.00
Now
$84,615.00
Change since
−0.19%
7 days · dashed line = publication
Sources · 2 publishers
BeInCrypto
Tier 2
Did MicroStrategy Buy More Bitcoin? Michael Saylor Drops Another Signal
Coverage timeline
- First reported by Bitcoin.com News
- Confirmed by BeInCrypto
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
