Saylor hints MicroStrategy may resume Bitcoin buys
Michael Saylor posted ‘A little more orange’ over a chart of MicroStrategy’s Bitcoin holdings, prompting speculation the company resumed purchases despite no SEC-reported buys in the past two weeks.
MicroStrategy Executive Chairman Michael Saylor posted ‘A little more orange’ above a chart of the company’s Bitcoin holdings, a format he has used ahead of past purchase disclosures. The post prompted investor speculation that MicroStrategy resumed buying Bitcoin.
MicroStrategy’s filing with the U.S. Securities and Exchange Commission on Sept. 14 reported no Bitcoin purchases or sales between Sept. 8 and Sept. 13. A filing a week earlier showed no movement for the prior seven days. The company reports any Bitcoin acquisitions on Mondays, and its public disclosures showed no change through Sept. 13.
On Sept. 13 MicroStrategy held about 845,050 BTC, acquired at a total cost of $63.73 billion, an average of $75,412 per coin. The last disclosed purchase, reported on Aug. 31, added 4,603 BTC for $369.7 million and ended a 10-week pause in buying.
Company filings for the week to Sept. 13 show MicroStrategy spent $139.3 million on preferred share buybacks instead of adding to its Bitcoin balance, leaving $1.30 billion in the account set aside for purchases. The firm has also sold Bitcoin at times this year to support its share price.
The post came amid a public exchange over Bitcoin’s outlook. Angel investor Jason Calacanis posted a one-year chart showing Bitcoin down roughly 31% and described the price action as ‘the dead cat continues to bounce.’ Saylor replied, writing that Bitcoin is now ‘a $1.6 trillion success’ and defended its role in preserving wealth across generations. ARK Invest founder Cathie Wood rejected the ‘dead cat’ description and referenced her firm’s research on Bitcoin and artificial intelligence.
Market data showed Bitcoin trading near $81,292 at the time of the post, above the roughly $75,000 low it rebounded from earlier. By a strict technical definition, a ‘dead cat bounce’ is confirmed only if price rolls over and breaks the prior low, a condition not met while price remains above that dip.
Investors and analysts are watching MicroStrategy’s public filings and Saylor’s social posts for the next Monday disclosure, which would confirm any new purchases.
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