Michael Saylor, executive chairman of Strategy, reignited market speculation regarding another potential Bitcoin acquisition by sharing the company’s long-term Bitcoin accumulation chart on X (formerly Twitter). The post, captioned “Connecting the dots,” displayed data from SaylorTracker showing Strategy’s treasury at $64.44 billion, composed of 849,327 BTC acquired in 120 separate purchase events.
Bitcoin acquisition activity in focus
The chart illustrated Strategy’s continued Bitcoin accumulation over multiple market cycles, highlighting the company’s approach of strategically acquiring the cryptocurrency regardless of price fluctuations. According to the visualization, the firm’s average acquisition cost was approximately $75,446 per BTC.
Saylor’s update triggered renewed anticipation among investors awaiting another major purchase, although he did not confirm any new transaction. Historically, Saylor has published similar posts ahead of Strategy’s official disclosures, raising expectations without providing conclusive evidence of fresh acquisitions.
Recently, Strategy disclosed to the US Securities and Exchange Commission (SEC) that it acquired 811 BTC for $65.5 million between October 26 and November 1. The updated total brings the company’s holdings to 849,327 BTC, obtained for an aggregate $64.08 billion at an average price of $75,451 per coin.
Alongside these crypto purchases, Strategy repurchased $208.2 million of its STRC preferred shares using its cash reserves. The company sold 1,178,552 MSTR common shares, generating $164 million, of which $65.5 million financed the latest Bitcoin purchase, while the remainder was added to its cash balance.
Saylor’s activity with STRC has drawn broader interest in Strategy’s financing methods. STRC, a preferred security traded on Nasdaq, is a key component of the company’s digital credit strategy. Saylor described the historical significance of this financial product by stating, “Digital credit took four centuries to make possible.”
Market participants now look to forthcoming filings from Strategy for confirmation of any additional Bitcoin acquisitions. Until such disclosures, Saylor’s latest chart serves as an indication of the company’s consistent accumulation approach.
Mini dictionary: Strategy is a publicly traded business intelligence firm recognized for its large Bitcoin holdings and pioneering approach to corporate cryptocurrency treasury management.
Strategy’s consistently rising Bitcoin reserves, tracked across 120 transactions, highlight the company’s commitment to a long-term digital asset strategy regardless of market cycles.
Buterin questions ETH fee-burning valuation
Ethereum co-founder Vitalik Buterin has raised concerns over viewing ETH’s market value primarily through its fee-burning model. While Ethereum’s EIP-1559 upgrade introduced a process for destroying a portion of transaction fees, Buterin believes that relying on this mechanism for valuation overlooks more essential network qualities.
Buterin explained that using annual fee burns to calculate capitalized network value assumes persistent, dependable network activity. He noted that “the value of ETH comes from elsewhere” and called for focusing on decentralization, censorship resistance, security, and open-source principles as foundational to Ethereum’s appeal.
He referenced periods of heightened activity, such as the Otherside NFT land sale, which resulted in increased token burning. According to Buterin, such episodes are often driven by speculative demand and do not offer a stable foundation for long-term valuation.
Buterin clarified that he does not propose removing Ethereum’s fee-burning mechanism, but urges caution in linking the asset’s market worth too heavily to deflationary pressures from transaction burns. He also discussed the importance of Ethereum for supporting tokenized real-world assets and its future prospects, including preparations for post-quantum cryptography.
Buterin emphasized that Ethereum’s investment case should rest on the network’s long-term infrastructure reliability rather than unpredictable spikes in transaction volume or fee destruction.
David Schwartz responds to XRP price criticism
David Schwartz, who previously served as Ripple’s chief technology officer, addressed criticism from XRP holders amid the token’s prolonged price decline. Following a series of social media exchanges, Schwartz explained that his influence over XRP’s valuation is extremely limited, despite ongoing frustration from some investors.
Responding to questions about his responsibility for XRP’s price movements, Schwartz commented, “Can I honestly say that I have nothing to do with the price of XRP? I guess probably not nothing. But very little.” He acknowledged that his actions and statements may have a minimal effect, but rejected the idea that he controls the token’s performance.
At the time of the exchange, XRP was trading near $1.16, down 49.78% from its previous year’s price and trading well below its July 2025 high of $3.65. Charts circulating on social platforms compared XRP’s trajectory with that of Stellar (XLM) and Solana (SOL), drawing attention to a broader downturn across several major cryptocurrencies.
| Token | Price (Nov 8, 2026) | 1-Year Change | All-Time High (2025) |
|---|---|---|---|
| XRP | $1.16 | -49.78% | $3.65 |
| Stellar (XLM) | Similar trend | Decline (unspecified) | Not mentioned |
| Solana (SOL) | Similar trend | Decline (unspecified) | Not mentioned |
Schwartz reported that his unrelated posts attract frequent responses from cryptocurrency accounts, some voicing accusations and criticisms, while others promote or attack XRP. As a result, he has started blocking accounts that repeatedly disrupt discussions, regardless of their stance on Ripple or XRP.
The exchange highlights ongoing debate among the XRP community about the relationship between technical development on the XRP Ledger and the asset’s price. Schwartz emphasized the limited power any individual has over open market valuations, which depend on wider cryptocurrency trends, investor sentiment, and liquidity.
Schwartz’s remarks underline the distinction between personal influence and broader market forces determining XRP’s performance. While acknowledging that his role carries some responsibility, he made clear his overall impact remains marginal.
