TLDR
- Michael Saylor shared his distinctive orange Bitcoin chart on Sunday, signaling a potential upcoming Strategy acquisition.
- As of October 25, Strategy’s holdings stood at 848,517 Bitcoin according to recent quarterly disclosures.
- Bitcoin was changing hands around $77,804 on Sunday, roughly 3.1% higher than Strategy’s $75,437 average September 30 cost basis.
- Spot Bitcoin ETFs in the United States recorded $643.2 million in net withdrawals on October 30, capping a month with approximately $516 million in total outflows.
- Strategy’s variable-rate preferred shares finished Friday’s session at $99.13, declining 0.83%.
Michael Saylor appears to be signaling that Strategy has acquired additional Bitcoin. The executive chairman shared his recognizable orange-themed graphic on X over the weekend.
“We found room for even more orange,” Saylor commented with the chart. This particular image frequently precedes official company disclosures about fresh Bitcoin acquisitions.
The social media message didn’t specify the quantity of coins Strategy might have acquired. It also stopped short of verifying whether any transaction had actually been executed.
Strategy typically previews acquisitions on Sundays before publishing complete information on Mondays. At the time of the post, Bitcoin was hovering around $78,000, in the wake of the $6.3 billion Binance security breach.
Strategy’s Recent Bitcoin Purchases
The firm’s accumulation pace has moderated in recent weeks. On October 19, Strategy acquired 267 Bitcoin, pushing its total position to 848,517 coins.
That transaction coincided with $193 million in repurchases of its variable-rate preferred stock. The company simultaneously increased its buyback authorization for these securities from $2 billion to $3 billion.
Strategy disclosed its most recent quarterly earnings on October 29. The results revealed that its Bitcoin position has expanded 26% since early 2026.
During the third quarter, the company purchased 7,218 Bitcoin for $588.1 million. It simultaneously divested 5,552 coins, resulting in a net addition of 1,666 Bitcoin.
Strategy secured approximately $21.23 billion in capital during the first ten months of the year. Those proceeds supported various corporate initiatives beyond Bitcoin acquisitions.
The company posted unprecedented third-quarter operating income of $20.91 billion. The majority derived from mark-to-market gains on its Bitcoin portfolio. Net income climbed to $19.53 billion, compared with $2.79 billion in the prior-year period.
“We’re at the beginning of the next bitcoin bull market,” Saylor declared during the earnings presentation. He cited growing institutional participation and Bitcoin’s position above its 200-week moving average as supporting factors.
Bitcoin Price and ETF Outflows
Bitcoin was quoted at approximately $77,804 on Sunday, gaining 0.45% during the preceding 24 hours. The digital asset had fallen to roughly $76,100 following the October 29 Binance security incident.
Strategy’s September 30 disclosure listed 847,666 Bitcoin with an aggregate cost basis of $63.95 billion. That translates to $75,437 per coin, approximately 3.1% beneath Sunday’s trading level. This calculation excludes October transactions.
U.S. spot Bitcoin ETFs experienced $643.2 million in net redemptions on October 30, based on Bitfinex data. October concluded with roughly $516 million in cumulative net outflows.
BlackRock’s iShares Bitcoin Trust recorded $233.7 million in withdrawals on that date, according to Farside Investors. Fidelity’s Bitcoin product experienced $201 million in outflows, while the ARK 21Shares vehicle saw $129.5 million exit.
Grayscale’s Bitcoin fund registered $53.3 million in redemptions, and Bitwise’s offering lost $25.7 million. The selling pressure eliminated $440.8 million in contributions from the preceding four trading sessions.
BlackRock’s fund nevertheless finished October with approximately $932 million in net contributions. Bitfinex calculated that Bitcoin was trading 7.5% below the typical ETF investor’s entry price.
Strategy’s variable-rate preferred stock concluded Friday at $99.13, declining 0.83%. The corporation maintains $5.07 billion in dollar-denominated assets, which management states covers 3.4 years of dividend and interest obligations.
Should Strategy validate a fresh purchase, the regulatory filing would detail the number of coins acquired, the execution price and the funding mechanism employed.
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