Michael Saylor teased another potential MicroStrategy Bitcoin buy on Sunday, posting his now-familiar orange accumulation chart as BTC hovered near $78,000 — a price still below levels seen before the $6.3 billion Binance hack on Oct. 29. “We found room for even more orange,” Saylor wrote on X alongside the chart. The post follows MicroStrategy’s pattern of Sunday teasers that often precede a Monday disclosure of new BTC purchases. The company did not say how many coins (if any) were bought or whether a trade had already occurred. Where MicroStrategy stands now - Recent purchases: On Oct. 19 MicroStrategy added 267 BTC, bringing its total to roughly 848,517 BTC. That followed third-quarter activity in which the firm bought 7,218 BTC for $588.1 million and sold 5,552 BTC — a net Q3 addition of 1,666 BTC. - Holdings and cost basis: MicroStrategy’s Sept. 30 filing listed 847,666 BTC at an aggregate original cost of $63.95 billion, an average cost of $75,437 per coin. Sunday’s BTC price (~$77.8k) was about 3.1% above that average, though the September figures predate October purchases. - Financing and liquidity: The company reported repurchasing about $2.04 billion of STRC preferred securities and holding $5.07 billion in dollar-denominated assets, which it said cover roughly 3.4 years of dividend and interest obligations. MicroStrategy also raised its digital credit securities repurchase authorization from $2 billion to $3 billion and repurchased $193 million of STRC on Oct. 19. - Capital and earnings: MicroStrategy said it raised about $21.23 billion in the first ten months of the year (used for multiple corporate purposes, not only BTC buys). Its Oct. 29 results showed record third-quarter operating income of $20.91 billion (driven largely by accounting gains on Bitcoin) and net income of $19.53 billion vs. $2.79 billion a year earlier. Saylor characterized the moment as “the beginning of the next bitcoin bull market,” citing institutional interest and BTC’s position above its 200-week moving average. Market backdrop and ETF flows - Price action: Bitcoin traded around $77,804 at the time of reporting, up roughly 0.45% over 24 hours. The asset dipped to about $76,100 after the Binance hack and remains under pre-hack levels. - ETF flows: Institutional flows were mixed and slightly negative late in October. Bitfinex data showed U.S. spot Bitcoin ETFs recorded $643.2 million in net withdrawals on Oct. 30, leaving the month about $516 million net negative. BlackRock’s IBIT accounted for $233.7 million of that Friday’s outflows but still finished October with roughly $932 million in net inflows. Other major funds—Fidelity’s FBTC, ARK 21Shares’ ARKB, Grayscale’s GBTC and Bitwise’s BITB—saw sizeable withdrawals. Bitfinex estimated BTC was trading about 7.5% below the average ETF investor cost basis at that time. What to watch If MicroStrategy follows its usual cadence and confirms a new purchase on Monday (Nov. 2), the company will disclose the number of BTC acquired, the purchase price and how the deal was financed. Investors will be watching whether the firm has resumed larger-scale accumulation after October’s price pullback and how that activity squares with ongoing ETF outflows. Stay tuned: Saylor’s orange chart has signaled new buys before — and the market will be listening. Read more AI-generated news on: https://app.chaingpt.org/news