#SaylorHintsStrategyBitcoinBuy #SaylorStrategy
Michael Saylor, CEO of Strategy (formerly known as MicroStrategy), has raised alarms in the crypto market after posting on his X account a chart of the company’s treasury accompanied by the message "A little more orange" ("A bit more orange"). The post suggests the company may have resumed direct Bitcoin (BTC) purchases after three consecutive weeks without acquiring the cryptocurrency.
Over the three weeks leading up to this post, Strategy froze its Bitcoin buying and selling operations, keeping its reserves intact at approximately 845,050 BTC (with an aggregated cost basis close to $63.73 billion).
Instead, the company used part of its operating cash reserve to repurchase its own preferred shares (STRC):
$139.3 million allocated for the buyback of 1.42 million shares in the last week.
$454.9 million invested in total over the three-week cycle to support preferred capital.
Its flexible cash reserve in USD fell from $1.59 billion to $1.3 billion to fund these operations, while keeping intact the $5.1 billion strategic reserve earmarked for dividend and debt payments.
$BTC
Michael Saylor, CEO of Strategy (formerly known as MicroStrategy), has raised alarms in the crypto market after posting on his X account a chart of the company’s treasury accompanied by the message "A little more orange" ("A bit more orange"). The post suggests the company may have resumed direct Bitcoin (BTC) purchases after three consecutive weeks without acquiring the cryptocurrency.
Over the three weeks leading up to this post, Strategy froze its Bitcoin buying and selling operations, keeping its reserves intact at approximately 845,050 BTC (with an aggregated cost basis close to $63.73 billion).
Instead, the company used part of its operating cash reserve to repurchase its own preferred shares (STRC):
$139.3 million allocated for the buyback of 1.42 million shares in the last week.
$454.9 million invested in total over the three-week cycle to support preferred capital.
Its flexible cash reserve in USD fell from $1.59 billion to $1.3 billion to fund these operations, while keeping intact the $5.1 billion strategic reserve earmarked for dividend and debt payments.
$BTC
