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Bitcoin

Saylor hints at more bitcoin buying as Strategy holds 848,250 BTC

Michael Saylor posted an orange-themed chart on October 18, but gave no purchase figure or confirmation that a new deal closed.

CoinDesk AI Desk
· 3 min read
✓ 3 SOURCES CHECKED
Saylor hints at more bitcoin buying as Strategy holds 848,250 BTC
Image: U.Today

Key takeaways

  1. No purchase confirmed. Saylor's October 18 post showed a chart of 848,250 BTC but gave no purchase figure or confirmation of a transaction.
  2. Buying slowed sharply. Strategy's latest reported purchase was 250 BTC for about $21.5 million, while it spent $192.4 million buying back STRC preferred shares.
  3. MSCI decision looms. MSCI's decision is expected on November 11, 2026, and JPMorgan analysts estimate a potential $2.8 billion passive outflow from MSTR shares.

What happened

Michael Saylor, founder of Strategy Inc., posted "We found room for more orange" on October 18, 2026, alongside an updated acquisition chart. The post carried no purchase figure and did not confirm that a transaction had taken place.

The chart listed roughly 848,250 BTC, valued at $69.45 billion, with an average acquisition cost of $75,444 per coin. Strategy's corporate dashboard shows the same holding, equal to 4.04% of the total global supply.

The most recent reported purchase was 250 coins for about $21.5 million between October 5 and 11, at an average price of $86,194. Common-stock sales funded $21 million of that buy, and cash covered the remaining $500,000.

$86.5K$81.1K27 Sep18 Oct

First $84.4KLatest $81.1K-4.0% over the period

Points are daily observations, not closing prices.

Why it matters

Saylor's posts have drawn attention because a similar message on October 11 came before an October 12 acquisition disclosure. That pattern does not show whether a new purchase has occurred, and attention has turned to a possible October 19 announcement.

Strategy's buying pace has slowed. Direct purchases fell to an annual low of 250 BTC in the reporting week, while the company directed $192.4 million to buy back its own Series STRC preferred shares as their yield rose.

MSCI has updated its selection criteria, and Strategy faces exclusion from global investment benchmarks. MSCI's decision is expected on November 11, 2026, and JPMorgan analysts estimate a potential forced outflow of $2.8 billion in passive-fund capital from MSTR shares.

Investors sold the stock ahead of that risk.

What is still unclear

  • Saylor has not confirmed another transaction, so it is not known whether the October 18 post reflects a purchase.
  • Analyst OxSweep read the price holding up during an RSI reset as a sign of a bull run, but that view is an interpretation and does not confirm that an advance has begun.

Questions readers ask

How much bitcoin does Strategy hold?

Strategy's dashboard lists 848,250 BTC, about 4.04% of the total supply. The company values the holding at $69.45 billion, with an average purchase price of $75,444 per coin.

Did Saylor announce a new bitcoin purchase?

No. His October 18 post said "We found room for more orange" and included an updated chart, but it gave no purchase figure and did not confirm a transaction.

How much bitcoin did Strategy buy most recently?

The company reported buying 250 coins for about $21.5 million between October 5 and 11, at an average price of $86,194.

Why did Strategy shares fall?

Shares fell 9.56% to $136.83 as investors weighed a possible MSCI exclusion. MSCI's decision is expected on November 11, 2026, and JPMorgan analysts estimate a potential $2.8 billion passive outflow.

Sources · 3 publishers

  1. Blockonomi TIER 3 FIRST REPORT
    Bitcoin Bull Run Ahead? Michael Saylor Teases Another Strategy BTC Purchase
  2. U.Today TIER 2
    Saylor Teases More Bitcoin Purchases to Expand Strategy's 848,250 BTC Hoard
  3. Crypto.news TIER 2
    Michael Saylor hints at more Bitcoin buys as Strategy holds 848,250 BTC