Strategy Hints at New Bitcoin Buy Despite Oil and Inflation
Strategy could add Bitcoin again on Monday, while high oil prices and sticky inflation raise Fed risks. Saylor is sticking with his accumulation strategy despite dilution at MSTR.
Key Takeaways
- Strategy hints that it could buy Bitcoin again on Monday, despite oil above $100 (€90) per barrel, U.S. inflation at 3.7%, and possible rate hikes from the Fed.
- Michael Saylor once again shared his well-known Bitcoin buying chart on Sunday with the text: “We found room for even more orange.”
- Strategy holds about 848,517 BTC; paper gains have shrunk and shareholders face dilution risk from new share issuance.
Strategy hints that it could buy Bitcoin again on Monday, while oil is above $100 (€90) per barrel, U.S. inflation is at 3.7%, and the Federal Reserve is once again looking at rate hikes. Michael Saylor posted his well-known Bitcoin buying chart online on Sunday with the text: “We found room for even more orange.”
Saylor Keeps Buying
The message fits the approach Strategy has followed for a while now: keep accumulating, even when the macro backdrop is shaky. In his earnings release on Thursday, Saylor even said he believes the market is at the start of the next Bitcoin bull market.
That view runs against the current economic signals. More expensive energy feeds into consumer prices, and gasoline rose 34.2% year over year through September. That makes the inflation and rate debate important again for Bitcoin investors.
Balancing Profit and Risk
According to the latest figures, Strategy holds about 848,517 BTC, worth around $66 billion (€59.1 billion) on Sunday. That is still above the estimated purchase cost of $64 billion (€57.3 billion), but the paper profit has gotten smaller.
The company bought more three times in October, with purchases of 334, 250, and 267 BTC. After that, it paused and bought back $204.9 million (€183 million) of its own STRC shares, the company’s dividend-paying preferred shares. Pressure on that funding structure had already shown up earlier when Strategy saw its Bitcoin margin shrink ahead of quarterly earnings.
At the same time, there is another risk for MSTR shareholders. Strategy often finances Bitcoin purchases with new shares, which can dilute existing shareholders. The Bitcoin-per-diluted-share metric fell 3.7% this year.
Why This Matters
For European crypto followers, this matters mainly because Strategy is still one of the biggest publicly traded Bitcoin buyers in the world. The mix of higher oil prices, sticky inflation, and a potentially tighter Fed shows how closely macroeconomics and Bitcoin are still tied together.
On top of that, MSCI’s new rules could put pressure on MSTR’s place in indexes. If passive funds have to sell because of that, it could add more attention to the question of how much Bitcoin per share is ultimately left.
