According to Woofun AI, Michael Saylor (Michael Saylor) released a Bitcoin chart marked 'more orange' on Sunday. This move is generally seen as a sign that MicroStrategy (MSTR.US) is about to increase its holdings. As the publicly traded company that holds the most Bitcoin, MicroStrategy (MSTR.US) often discloses purchase records to regulators on Monday, and Saylor's visual cues have become a key weather vane for the market to predict its operations.
Notably, Saylor's signaling mechanism has a clear visual logic: the orange dots in the chart correspond to buying behavior, and the size of the dots directly reflects the number of purchases. Looking back on Sunday, he published a similar chart with the caption 'More Orange'. BeInCrypto immediately reported the signal. The next day, MicroStrategy (MSTR.US) confirmed that it had purchased 950 bitcoins, worth about $76 million, at a unit price of $79,670 per ledger, raising its total holdings to 846,000.
However, this signal was not absolutely accurate, and the previous week's report showed no trading operations. Data compiled by Woofun AI showed that while MicroStrategy (MSTR.US) continued to buy this year, it sold 4 times between June 30 and August 10, totaling 6,916 bitcoins, which significantly increased operational complexity.
Judging from the fund allocation structure, MicroStrategy (MSTR.US)'s capital operations are characterized by diversification. Last week, the company spent $1.74 billion to buy back STRC Preferred Stock, which paid monthly dividends to holders, more than double the amount it invested in Bitcoin.
This emphasis on share buybacks is in contrast to the traditional single Bitcoin holdings increase strategy, showing the company's balanced consideration of liquidity management and shareholder returns. Although Bitcoin traded at around $84,974, a 24-hour increase of 1%, which is about 13% higher than the average cost of $75,416, the cost premium rate earlier this month was only 2%, indicating that the impact of market fluctuations on position value is still being adjusted dynamically.
The report submitted on Monday will reveal whether the 950 bitcoins purchased last week mark the company's return to a steady pace of coin purchases, or whether the rate of coin purchases has further slowed down. This result will not only affect MicroStrategy's (MSTR.US) balance sheet, but will also provide the market with an important reference on Bitcoin allocation strategies for large institutions. As regulatory disclosures approach, investors need to pay close attention to their subsequent operations to determine long-term position trends.