Michael Saylor signals another Strategy Bitcoin purchase as holdings reach 848,000 BTC

  • Michael Saylor signaled possible additional Bitcoin purchases by Strategy through an X post.
  • Strategy bought 334 Bitcoin for $28.7 million, lifting holdings to 848,000 BTC.
  • Strategy raised $5.41 billion, directing 9.5% to Bitcoin and the remainder elsewhere.

Michael Saylor signaled the possibility of another Bitcoin purchase by Strategy after posting on X that there is "always room for more orange," a reference to Bitcoin. Strategy recently bought 334 BTC for about $28.7 million, bringing its holdings to 848,000 BTC. The company also spent about $176.3 million repurchasing 1.77 million shares of its STRC preferred stock. Independent analyst Shanaka Anselm Perera said Strategy raised $5.41 billion through new share issuance in the third quarter, but used only 9.5% directly for Bitcoin purchases; the remainder supported cash reserves, dividends and preferred-share buybacks. Strive Chief Executive Officer Matt Cole separately posted "Think ₿igger," prompting speculation of another purchase. Because October 11 was a U.S. federal holiday, formal SEC disclosures could appear as early as October 13.

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