Saylor Hints at More Bitcoin Buys as Strategy Holds 848,250 BTC

Michael Saylor hinted on October 18 that Strategy may buy more Bitcoin, posting on X: “We found room for more orange.” He did not confirm a purchase or disclose its size or timing. The comment followed the company’s latest filing, which reported 848,250 BTC after Strategy bought 250 BTC for about $21.5 million in the week to October 11. In the previous reported week, Strategy added 334 BTC for $28.7 million, bringing its holdings to about 848,000 BTC. The latest filing put the company’s cumulative Bitcoin acquisition cost at approximately $64 billion, or an average of $75,444 per BTC; Bitcoin traded near $81,000 on October 18. Strategy also spent $192.4 million repurchasing STRC preferred shares in the week to October 11, around nine times its Bitcoin spending. In the prior week, it spent $176.3 million on STRC buybacks, more than six times its Bitcoin purchase outlay. The company reported $5.52 billion in combined cash and dollar reserves, but did not say that all of it was available for Bitcoin purchases. An earlier analysis also noted that Strategy raised $5.41 billion through share sales in the third quarter, with only 9.5% going directly to Bitcoin purchases; other funds supported reserves and obligations. For traders, Saylor’s hint and Strategy’s large holdings may reinforce expectations of continued corporate Bitcoin demand, but substantial preferred-share spending and the lack of a confirmed new purchase temper that signal. A subsequent company disclosure is needed to verify whether another acquisition took place.