Strategy Executive Chairman Michael Saylor posted another bitcoin chart on Sunday, captioned “More Orange,” prompting speculation about whether the company has continued adding to its holdings. Saylor has shared similar charts before Strategy disclosed purchases, but social media posts are not confirmation of a transaction. The company’s Monday filing is expected to provide the official update.
Strategy, formerly MicroStrategy, is one of the largest publicly traded corporate holders of bitcoin and typically reports transactions in filings with US regulators. Last week, it disclosed buying 950 BTC for about $76 million, at an average price of roughly $79,670 per coin. The purchase brought its holdings to 846,000 BTC.
Saylor’s chart preceded last week’s 950 BTC purchase
Orange is closely associated with bitcoin, and Saylor’s chart uses orange dots to mark purchases, with dot size reflecting the amount bought. Sunday’s “More Orange” caption followed the same format as his earlier posts.
The previous Sunday, Saylor posted a similar chart with the caption “Slightly more orange.” The following day, Strategy disclosed its purchase of 950 BTC for about $76 million, at an average price of $79,670 per coin. Its total holdings then reached 846,000 BTC.
The posts do not reliably signal a purchase every time. A filing from the week before showed that Strategy had neither bought nor sold bitcoin. Saylor’s charts may draw market attention, but they are not a substitute for formal disclosures.
Strategy has also sold bitcoin and repurchased preferred shares
Strategy’s activity this year has extended beyond bitcoin purchases. Company transaction records show four bitcoin sales totaling 6,916 BTC between June 30 and August 10. Assessing changes to its holdings therefore requires accounting for both purchases and any sales.
Last week, the company also spent $174 million repurchasing STRC preferred shares, which pay monthly dividends to holders. The repurchase amount was more than twice its bitcoin spending over the same period, underscoring that Strategy’s capital allocation has included preferred-share transactions as well as cryptocurrency purchases.
Bitcoin trades about 13% above Strategy’s average cost
At the time of publication, bitcoin was trading near $84,974, up 1% over 24 hours. That price was about 13% above Strategy’s average cost of roughly $75,416 per BTC. Earlier this month, the market price had been only about 2% above that average.
Monday’s regulatory filing should show whether last week’s 950 BTC purchase marked a return to more regular accumulation or whether the company is continuing a more cautious, intermittent approach. Until the filing is available, Saylor’s post alone does not confirm another purchase.