Michael Saylor reignited discussion around corporate Bitcoin buying on Sunday, October 18, signaling that Strategy could expand its already significant Bitcoin reserves. Posting on X, Saylor wrote, “We found room for more orange,” sharing an updated acquisition chart. His message, however, did not confirm a transaction or include any specific purchase amount.
Strategy adds 250 BTC, reserves and cash detailed
The latest company data places Strategy’s total Bitcoin holdings at 848,250 BTC, with a portfolio valued at approximately $69.45 billion and an average acquisition price of $75,444 per coin. These figures reflect an October 11 report confirming the purchase of 250 BTC for $21.5 million between October 5 and 11, acquired at an average cost of $86,194 each.
This acquisition represented about 4.04% of Bitcoin’s fixed 21 million coin supply. Of the $21.5 million spent, $21 million came from common stock sales, while $500,000 was paid in cash. The company also spent $192.4 million repurchasing STRC preferred shares, as part of its broader financial strategy.
Strategy reported holding $4.88 billion reserved for dividend and interest payments, along with $640.5 million in separate cash as of October 11. These balances provide flexibility for future purchases and other corporate activities, though they do not specify how much might be used for additional Bitcoin acquisitions.
Strategy’s last reported transaction, disclosed on October 12, shows a $21.5 million Bitcoin purchase funded primarily through stock sales rather than solely cash, highlighting the company’s financing approach while increasing its total holdings to 848,250 BTC.
Momentum signals and technical overview
Recent attention has shifted to Bitcoin’s price momentum indicators, rather than just corporate accumulation. Price held steady near $81,616 on October 18, as the 14-day Relative Strength Index (RSI) stood at 46.5—reflecting neutral momentum rather than a strong directional trend.
Analyst OxSweep contrasted the current RSI environment with previous market cycles. While a similar decline in May saw Bitcoin’s price fall sharply as the RSI reset, this time the asset maintained high trading levels even as the indicator retreated.
Comparing the recent RSI reset to May, analysts observed that Bitcoin’s price has remained more resilient, pointing to continued market strength even during momentum shifts.
Fidelity’s technical manuals note the 40–50 RSI range as potential support within established bull markets. For now, Bitcoin remains within this band, suggesting consolidation rather than a confirmed new rally. The immediate focus is on whether the $80,000–$81,000 support zone holds and if a push toward $84,000 occurs.
Meme token market and investor behavior
Amid growing technical scrutiny and trading signal analysis, timing and token selection have become increasingly important across digital asset markets. In the meme token sector, a viral trend can rapidly translate into multimillion-dollar trading volumes. Data from Fomo App recently highlighted a striking example: an investment of just $99 in the “Niu Lai” token reportedly grew to about $370,000—all within a few days. These sharp moves underscore the need for careful monitoring, not just of prices but also investor behavior and strategic entry points.
Fomo App offers features such as integrated token discovery, social feeds, investor leaderboards, and trade notifications, helping users keep pace with the fast-changing meme token landscape and community activity.
Corporate buying activity, technical analysis, and the evolution of meme tokens all reflect the evolving complexity of digital asset markets. Market participants continue to watch for official disclosures that could confirm the next major acquisition or signal a shift in momentum for Bitcoin.
