Michael Saylor, Executive Chairman of Strategy, signaled a potential new Bitcoin purchase on September 20 by posting "A little more orange" alongside the company's acquisition chart on X. This post has been interpreted as a signal, rather than a confirmed transaction, echoing similar language used before past acquisitions. Strategy last confirmed a Bitcoin purchase between August 24 and August 30, acquiring 4,603 BTC for approximately $369.7 million at an average price of $80,318 per coin.
As of September 21, Strategy holds a total of 845,050 BTC, acquired for an aggregate cost of approximately $63.73 billion, with an average purchase price of about $75,412 per BTC. The company's Bitcoin balance remained unchanged for two consecutive reporting periods, as indicated by its September 14 SEC filing, which showed no Bitcoin transactions between September 8 and September 13. During this period, Strategy instead focused on managing its capital structure, including repurchasing $139.3 million in STRC preferred shares.
Strategy's financial position includes $5.10 billion in U.S. dollar reserves for preferred stock dividends and interest payments, and $1.30 billion in flexible USD cash that can be used for Bitcoin purchases, securities repurchases, or other treasury purposes. The company finances its Bitcoin acquisitions through various means, including operating cash, debt, and common-stock issuance. While Saylor's recent post suggests another purchase, the exact details, such as the amount, price, and timing, will remain unknown until an official SEC filing.
