Saylor hints at further Strategy Bitcoin purchase after 848,000 BTC chart
Michael Saylor posted another orange-themed buying hint on 11 October, showing Strategy's 848,000 BTC holding valued at $70.48bn. Past hints have preceded confirmed purchases.
Why it matters: Saylor's hints have previously preceded confirmed Strategy purchases, so the post is a signal traders watch for news of fresh corporate demand for Bitcoin.
Key points
- Saylor's 11 October post on X showed 848,000 BTC worth $70.48bn at an average cost of about $75,441 per coin.
- The chart lists 117 purchase events, matching Strategy's disclosed holdings as of 4 October.
- Strategy's last confirmed buy was 334 BTC for $28.7m between 1 and 4 October, lifting holdings to 848,000 coins.
Strategy Inc. may be preparing another Bitcoin purchase after executive chairman Michael Saylor posted a fresh orange-themed buying hint. Bitcoin.com News reports that Saylor shared the message on X on 11 October, writing that there is "always room for more orange". The chart alongside it showed 848,000 BTC valued at $70.48bn, an average acquisition cost of roughly $75,441 per coin and 117 purchase events across the company's history.
The displayed balance matches Strategy's disclosed holdings as of 4 October, and the reserve figure is a market-price snapshot that moves with Bitcoin's price. A later transaction update would show whether the hint led to another buy. Saylor's orange posts have often come before formal disclosures: a 4 October message preceded a 334 BTC purchase reported the next morning, which lifted holdings to 848,000 coins at a cost of $28.7m including fees, or about $85,839 per coin.
Past purchases
That acquisition was funded with $15.7m from newly issued MSTR shares and $13m from the company's dollar cash balance, bringing its total acquisition cost to about $63.97bn. Strategy also holds $4.88bn in reserve for preferred-stock dividends and debt interest, plus $833.4m in cash for corporate purposes, including Bitcoin purchases.
Saylor has argued that Bitcoin lets holders keep economic value under digital control. The company has separately restated its ambition to become the world's largest company by market capitalisation through a Bitcoin-based capital strategy.
What to watch: A formal Strategy transaction update would confirm whether the 11 October hint corresponds to another Bitcoin purchase.
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