The “Orange Dot” signal has struck again. Michael Saylor’s Strategy has confirmed another major Bitcoin purchase, adding 390 BTC worth $43 million to its colossal treasury. This move comes just one day after Saylor’s trademark “It’s Orange Dot Day” tweet, continuing his pattern of cryptic accumulation hints that consistently precede official buying announcements.
Strategy Bitcoin Purchase
This latest Bitcoin purchase brings Strategy’s total holdings to 640,808 BTC, now valued at approximately $47.44 billion. The company acquired these coins at an average price of $74,032 each, representing a substantial 26% year-to-date yield on their initial investment. Notably, this marks their third consecutive weekly acquisition after a brief pause earlier this month.
Strategic Funding and Market Context
Interestingly, Strategy didn’t sell any of its MSTR shares to fund this Bitcoin purchase. Instead, the company raised $44.7 million by strategically selling other share classes (STRF, STRK, and STRD). This demonstrates sophisticated capital allocation while maintaining its core equity structure.
The buying spree comes during a critical week for global markets. All eyes are on the Federal Reserve’s upcoming FOMC meeting, where traders price in a 96.7% chance of a rate cut. Additionally, Thursday’s US-China summit between Presidents Trump and Xi could dramatically reshape trade relations, creating potential volatility across risk assets.
My Thoughts
Saylor’s consistency is becoming a market force unto itself. While $43 million is relatively small for Strategy, the psychological impact is enormous. It reinforces that the world’s most disciplined corporate buyer remains unwavering in their conviction, even at prices 54% above their average cost basis. As the Fed potentially turns dovish and trade tensions ease, this persistent institutional demand could create the perfect storm for Bitcoin’s next leg up toward $130,000.
