Michael Saylor, executive chairman of enterprise analytics firm Strategy, suggested the company may have added more Bitcoin to its holdings. On Sunday, Saylor posted his signature orange-themed chart on X, often a precursor to the company announcing a fresh Bitcoin acquisition.
Possible new Bitcoin buy on the horizon
Accompanying the chart, Saylor commented, “We found room for even more orange.” While the statement did not disclose specific details, his prior posts of this nature have frequently preceded official announcements of new Bitcoin purchases by Strategy.
The company has not confirmed the quantity of Bitcoin involved or whether a purchase has been completed. Historically, Strategy announces such acquisitions on Mondays after early hints surface on social media over the weekend.
“We’re at the beginning of the next bitcoin bull market,” Saylor stated during the company’s latest earnings announcement, referencing energized institutional interest and Bitcoin’s robust position above its long-term average.
Bitcoin was trading near $77,804 on Sunday, following volatility in the aftermath of a $6.3 billion security breach at Binance, a leading global digital asset exchange.
Strategy held 848,517 Bitcoin as of October 25, reflecting steady accumulation through the year.
Recent buying and financial performance
The company’s rate of Bitcoin purchases has slowed in recent weeks. On October 19, Strategy acquired 267 Bitcoin, increasing its total holdings. In tandem with its Bitcoin buys, the company authorized $193 million in buybacks of its variable-rate preferred stock and lifted its total buyback limit from $2 billion to $3 billion.
October 29 financial results showed Strategy’s Bitcoin holdings had grown by 26% since the beginning of 2026. In the third quarter, the company bought 7,218 Bitcoin for $588.1 million and sold 5,552 coins, resulting in a net addition of 1,666 Bitcoin to its reserves.
The company raised approximately $21.23 billion in the first ten months of the year, funding a range of corporate activities beyond Bitcoin acquisitions. Operating income reached a record $20.91 billion in the third quarter, while net income climbed to $19.53 billion, up sharply from $2.79 billion in the same period the previous year. Most of this came from accounting gains related to Bitcoin.
Strategy’s variable-rate preferred stock closed at $99.13 on Friday, reflecting a 0.83% decline. At present, the company holds $5.07 billion in US dollar-denominated assets, covering an estimated 3.4 years of dividend and interest commitments.
Mini dictionary: Strategy is an enterprise analytics and business intelligence company led by Michael Saylor, known for its significant and ongoing investments in Bitcoin as a treasury reserve asset.
ETF outflows and market dynamics
On October 30, US spot Bitcoin exchange-traded funds (ETFs) lost $643.2 million in net outflows, according to the digital asset platform Bitfinex. For the month, these ETFs finished with approximately $516 million in net withdrawals.
BlackRock’s iShares Bitcoin Trust registered $233.7 million in outflows that day, while Fidelity’s Bitcoin fund lost $201 million, and the ARK 21Shares fund saw $129.5 million withdrawn, according to data from Farside Investors. Grayscale experienced outflows of $53.3 million, and Bitwise lost $25.7 million, erasing much of the inflow momentum from earlier in the month.
Despite these figures, BlackRock’s iShares Bitcoin Trust ended October with a net inflow of roughly $932 million, signaling ongoing investor interest even amid profit-taking and volatility.
| ETF Provider | Outflows on Oct 30 | Net Inflows (Oct) |
|---|---|---|
| BlackRock iShares Bitcoin Trust | $233.7 million | $932 million |
| Fidelity Bitcoin Fund | $201 million | – |
| ARK 21Shares Bitcoin ETF | $129.5 million | – |
| Grayscale Bitcoin Trust | $53.3 million | – |
| Bitwise Bitcoin ETF | $25.7 million | – |
Bitfinex estimated that Bitcoin was recently trading 7.5% below the average cost basis of ETF investors. Meanwhile, Strategy’s September 30 financial statement indicated 847,666 Bitcoin at a total cost of $63.95 billion — about $75,437 per coin, approximately 3.1% below contemporaneous market prices. This figure does not include additional purchases in October.
If Strategy confirms a new Bitcoin purchase, a regulatory filing will reveal the number of coins acquired, purchase prices, and funding sources.
Strategy’s recent third quarter featured a record operating income, primarily due to its growing Bitcoin holdings and related accounting gains, as well as significant activity in its preferred stock buyback program.
