Saylor implies an additional buy of $BTC : after two weeks of standing pat, it reissues the “orange signal,” but the account left has only $1.3 billion
Yesterday (Sept. 20), Strategy Executive Chairman Saylor posted a screenshot of the company’s holdings on X, with the caption “A little more orange,” which is his usual code right before he discloses purchases. By convention, the buyback announcement should land as early as today (Monday)
The prior two weeks saw zero consecutive buys: an SEC filing dated Sept. 14 shows that between Sept. 8 and Sept. 13, the company didn’t buy or sell any BTC; the previous week was the same. Current holdings are 845,050 BTC, with total cost of $63.73 billion and an average price of $75,412
The truth behind the pause in buying isn’t lack of interest—it’s lack of money: as of the week of Sept. 13, the company used $139.3 million to repurchase STRC preferred stock instead of buying crypto. The dedicated BTC purchase account was left with roughly $1.3 billion. The subtext of this preview is “return to strong buying” at today’s BTC price around $81,100, which has already moved back above the company’s average of $75,412. On paper, that’s an unrealized gain of about $3.95 billion—historically, the company doesn’t mind adding at high prices
The backdrop is a weekend spat: Calacanis called BTC a “dead cat bounce,” likening it to laserdiscs from the streaming era. Saylor hit back: “An orange tie is never removed”
My take: the signal is credible at roughly a 70% level. Following the August precedent, the “We’re Back” notice was followed three days later by a disclosure of 4,603 more buys—this time the “orange” is likely to be fulfilled. But with only $1.3 billion in ammunition, and using last week’s buy price of $80,318, at most it buys about 16,000 BTC. Don’t expect the same intensity as in August
I’m watching for two moves: Saylor’s company’s pre-announcement volatility in MSTR before the Monday disclosure takes effect today. If there’s no zero disclosure today, it would suggest cash is still tied up in the preferred-stock repurchase, meaning the positive catalyst falls flat and the stock could get hit in the short term. In that case, we’d instead wait for BTC to pull back toward the 78,000 area and then look for stabilization
#MichaelSaylor暗示增持BTC #比特币突破8万美元大关 #比特币市值超越特斯拉
Yesterday (Sept. 20), Strategy Executive Chairman Saylor posted a screenshot of the company’s holdings on X, with the caption “A little more orange,” which is his usual code right before he discloses purchases. By convention, the buyback announcement should land as early as today (Monday)
The prior two weeks saw zero consecutive buys: an SEC filing dated Sept. 14 shows that between Sept. 8 and Sept. 13, the company didn’t buy or sell any BTC; the previous week was the same. Current holdings are 845,050 BTC, with total cost of $63.73 billion and an average price of $75,412
The truth behind the pause in buying isn’t lack of interest—it’s lack of money: as of the week of Sept. 13, the company used $139.3 million to repurchase STRC preferred stock instead of buying crypto. The dedicated BTC purchase account was left with roughly $1.3 billion. The subtext of this preview is “return to strong buying” at today’s BTC price around $81,100, which has already moved back above the company’s average of $75,412. On paper, that’s an unrealized gain of about $3.95 billion—historically, the company doesn’t mind adding at high prices
The backdrop is a weekend spat: Calacanis called BTC a “dead cat bounce,” likening it to laserdiscs from the streaming era. Saylor hit back: “An orange tie is never removed”
My take: the signal is credible at roughly a 70% level. Following the August precedent, the “We’re Back” notice was followed three days later by a disclosure of 4,603 more buys—this time the “orange” is likely to be fulfilled. But with only $1.3 billion in ammunition, and using last week’s buy price of $80,318, at most it buys about 16,000 BTC. Don’t expect the same intensity as in August
I’m watching for two moves: Saylor’s company’s pre-announcement volatility in MSTR before the Monday disclosure takes effect today. If there’s no zero disclosure today, it would suggest cash is still tied up in the preferred-stock repurchase, meaning the positive catalyst falls flat and the stock could get hit in the short term. In that case, we’d instead wait for BTC to pull back toward the 78,000 area and then look for stabilization
#MichaelSaylor暗示增持BTC #比特币突破8万美元大关 #比特币市值超越特斯拉
