Michael Saylor Hints at Next Bitcoin Buy Despite MicroStrategy’s Sharp Slowdown
Strategy (previously often known as MicroStrategy), the most important company Bitcoin holder, is buying the highest crypto at its slowest tempo in current reminiscence.
Yet its govt chairman, Michael Saylor, continues to trace that one other large-scale buy could also be on the horizon.
Strategy’s Bitcoin Buying Spree Significantly Slows
On October 26, CryptoQuant analyst J. Maartunn reported a pointy decline in Strategy’s weekly Bitcoin acquisitions.
According to him, the corporate’s purchases have fallen from tens of 1000’s of BTC per week in late 2024 to roughly 200 BTC in current weeks.
For context, the corporate was shopping for greater than 10,000 BTC in a single week, together with a file surge of 55,500 BTC at its peak.
However, that determine has dwindled to some hundred cash, the identical degree seen 5 years in the past when the corporate was nonetheless testing its dollar-cost-averaging technique.
Meanwhile, this slowdown indicators not waning conviction, however tighter financial conditions which have constrained new capital deployment.
Strategy’s fairness issuance premium, the hole between its share value and the e-book worth of its Bitcoin holdings, has plunged from 208% to 4%.
That collapse has made new inventory choices a far much less environment friendly approach to increase capital for extra Bitcoin buys.
At the identical time, the corporate’s inventory value has fallen roughly 50% from its file high, whereas Bitcoin trades about 16% beneath its $126,000 all-time peak, hovering close to $111,000 as of press time.
These decrease market valuations and thinner financing choices have inadvertently compelled Strategy to moderate its buying pace.
Saylor Hints at ‘Orange Dot Day’
Despite the slowdown, Saylor continues to sign that Bitcoin stays central to the corporate’s treasury technique.
On X, he posted a screenshot of Strategy’s Bitcoin tracker alongside the phrase “It’s Orange Dot Day.” This is a cryptic cue he has used repeatedly forward of official buy bulletins.
Notably, such posts usually precede formal filings, suggesting that another buy could arrive soon.
However, even with diminished frequency, Strategy stays one of the crucial aggressive institutional accumulators in the market. The agency has spent roughly $19.5 billion on Bitcoin in 2025 alone, trailing solely its $21.7 billion complete from 2024.
These purchases have helped push Strategy holdings to 640,418 BTC, which equates to round 3.2% of all Bitcoin in circulation.
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