On Sunday, Michael Saylor of Strategy posted on X the phrase “A little more orange”—the caption paired with his holdings chart, which has been his usual opening line before announcing additional purchases.
The SEC filing dated September 14 shows that the company neither bought nor sold between September 8 and 13; the prior week was also blank—two consecutive weeks with no action. The last disclosed additional purchase was on August 31: 4,603 BTC, worth $369.7 million. As of September 13, the company held about 845,050 BTC at a cost of $63.73 billion. That week, the company spent $139.3 million to repurchase preferred stock, leaving the buy account with only $1.3 billion.
My take: this is a signal, not an all-out charge with plenty of ammunition—cash was diverted to the preferred stock repurchase, and Strategy has shifted from an “infinite bullets” buyer to a timing buyer. The real highlight is the amount bought in Monday’s filing—how much do you think he’ll buy this time?
$BTC $MSTRB #MichaelSaylor hints at adding more BTC
The SEC filing dated September 14 shows that the company neither bought nor sold between September 8 and 13; the prior week was also blank—two consecutive weeks with no action. The last disclosed additional purchase was on August 31: 4,603 BTC, worth $369.7 million. As of September 13, the company held about 845,050 BTC at a cost of $63.73 billion. That week, the company spent $139.3 million to repurchase preferred stock, leaving the buy account with only $1.3 billion.
My take: this is a signal, not an all-out charge with plenty of ammunition—cash was diverted to the preferred stock repurchase, and Strategy has shifted from an “infinite bullets” buyer to a timing buyer. The real highlight is the amount bought in Monday’s filing—how much do you think he’ll buy this time?
$BTC $MSTRB #MichaelSaylor hints at adding more BTC