First, look at the facts.
Strategy currently holds 845,050 BTC, with a cumulative cost of 6.373 billion yuan and an average price of 75,412. Based on the price as of September 20, the book value shows an unrealized gain of 3.95 billion yuan.
The last time it increased its holdings was on August 31: it bought 4,603 BTC at an average price of 80,318, costing 369.7 million yuan. Then, during the week from September 8 to 13, it neither bought nor sold; instead, it used 139.3 million yuan to repurchase STRC preferred shares.
What does “a bit more orange” mean?
Before Saylor makes any formal BTC purchase, he always posts something similar in advance. The last time he said “We’re Back,” a few days later SEC filings confirmed the purchase of 4,603 BTC. And the time before that, when he said “We’re ₿ack,” it followed the exact same pattern.
So the market treats this as a preview—not a formal disclosure, but a signal in advance.
But you have to see one thing clearly.
Strategy’s “flexible cash” available to buy BTC. As of September 13, it was 1.3 billion USD. That number is far smaller than the value of the 845,050 BTC it already holds. With 1.3 billion, it can buy roughly 16,000 BTC at current prices. Compared with its existing position of 845,050 BTC, the incremental amount is only 1.9%.
This isn’t an attack; it’s a statement of intent.
When Saylor posts now, the most important role isn’t “how much he plans to buy,” but “that he is still buying.” The signal itself is more important than the purchase quantity. Because in the market there’s a group of people who view Strategy’s ongoing accumulation as a structural buy order for Bitcoin. As long as this buying flow continues—even if each time it’s only a few thousand BTC—there will always be support at the bottom.
There’s another detail.
The timing of his posts. On September 20, BTC was around 81,000. Strategy’s average cost was 75,412. That means he posted while in an unrealized profit position. At the end of June, Strategy’s holdings were at one point showing an unrealized loss of 10 billion yuan; now it’s showing an unrealized profit of 5 billion yuan.
From loss to profit, from pause to restart, from “We’re Back” to “a bit more orange”—this rhythm is Saylor’s rhythm. #michaelsaylor暗示增持btc
Strategy currently holds 845,050 BTC, with a cumulative cost of 6.373 billion yuan and an average price of 75,412. Based on the price as of September 20, the book value shows an unrealized gain of 3.95 billion yuan.
The last time it increased its holdings was on August 31: it bought 4,603 BTC at an average price of 80,318, costing 369.7 million yuan. Then, during the week from September 8 to 13, it neither bought nor sold; instead, it used 139.3 million yuan to repurchase STRC preferred shares.
What does “a bit more orange” mean?
Before Saylor makes any formal BTC purchase, he always posts something similar in advance. The last time he said “We’re Back,” a few days later SEC filings confirmed the purchase of 4,603 BTC. And the time before that, when he said “We’re ₿ack,” it followed the exact same pattern.
So the market treats this as a preview—not a formal disclosure, but a signal in advance.
But you have to see one thing clearly.
Strategy’s “flexible cash” available to buy BTC. As of September 13, it was 1.3 billion USD. That number is far smaller than the value of the 845,050 BTC it already holds. With 1.3 billion, it can buy roughly 16,000 BTC at current prices. Compared with its existing position of 845,050 BTC, the incremental amount is only 1.9%.
This isn’t an attack; it’s a statement of intent.
When Saylor posts now, the most important role isn’t “how much he plans to buy,” but “that he is still buying.” The signal itself is more important than the purchase quantity. Because in the market there’s a group of people who view Strategy’s ongoing accumulation as a structural buy order for Bitcoin. As long as this buying flow continues—even if each time it’s only a few thousand BTC—there will always be support at the bottom.
There’s another detail.
The timing of his posts. On September 20, BTC was around 81,000. Strategy’s average cost was 75,412. That means he posted while in an unrealized profit position. At the end of June, Strategy’s holdings were at one point showing an unrealized loss of 10 billion yuan; now it’s showing an unrealized profit of 5 billion yuan.
From loss to profit, from pause to restart, from “We’re Back” to “a bit more orange”—this rhythm is Saylor’s rhythm. #michaelsaylor暗示增持btc