Saylor Hints at New Bitcoin Purchase by Strategy
Saylor’s post follows two weeks without a new purchase; Strategy held 845,050 BTC as of September 13 and still has $1.30 billion left in its buying account.
Key Takeaways
- Strategy did not buy any Bitcoin for two weeks; its holdings stayed unchanged at about 845,050 BTC through September 13.
- Michael Saylor shared a chart with the words “A little more orange,” a phrase he often uses before a purchase announcement.
- Strategy still had $1.30 billion left for purchases, while the next Monday update should show whether Bitcoin was bought again.
Strategy has not bought any Bitcoin for two weeks, but a new post from Michael Saylor is putting the market on edge again. The executive chairman shared a chart with the words “A little more orange,” a phrase he often uses right before a purchase announcement. According to the latest SEC filings, the Bitcoin holdings stayed unchanged through September 13.
Two Weeks Without a Purchase
The September 14 filing shows that Strategy did not buy or sell any Bitcoin between September 8 and 13. A week earlier, the company reported the same thing for the seven days before that. That left the position at about 845,050 BTC, bought for a total of $63.73 billion (€55.6 billion) at an average price of $75,412 (€65,800) per coin.
The latest purchase dates back to August 31, when Strategy bought 4,603 BTC for $369.7 million (€323 million). That transaction came after a ten-week pause. Saylor also dropped a hint then before the buy was officially announced, which is why investors are now watching his social media posts again.
Cash Is Still the Brake
The room for new purchases is not unlimited. In the week through September 13, Strategy spent $139.3 million (€122 million) buying back preferred shares instead of adding more Bitcoin. That left $1.30 billion (€1.1 billion) still in the account the company uses for purchases. The company has also sold Bitcoin this year to support its stock price.
The debate got more intense after angel investor Jason Calacanis called Bitcoin a “dead cat bounce.” He pointed to a chart showing Bitcoin was down about 31% over the past year and said the coin is less useful for payments and smart contracts. Saylor pushed back hard and called Bitcoin a $1.6 trillion (€1.4 trillion) success and a form of digital capital.
Why This Matters
For European crypto followers, this matters mainly because Strategy is still one of the biggest public Bitcoin buyers. That is why every change in the company’s buying pace is watched closely, especially now that the market is also paying attention to the broader stance of major institutional players toward Bitcoin. Strategy owns by far the most bitcoin among public companies, so even a short pause in buying stands out right away in the market. The next Monday update should show whether Saylor’s hint really pointed to a new purchase.
