Michael Saylor Signals Another Bitcoin Buy as Strategy Surpasses 3% of Total BTC Supply

Michael Saylor has once again hinted at another major Bitcoin purchase by Strategy, drawing renewed attention from both crypto and equity investors. The signal came through a cryptic “Bigger Orange” post on X, a phrase Saylor has historically used ahead of confirmed Bitcoin acquisitions. This time, the implication is significant, as Strategy’s Bitcoin holdings have now surpassed 3% of the total 21 million BTC supply.

According to the chart shared by Saylor, Strategy currently holds approximately 687,410 Bitcoin, accumulated through more than 94 purchases over the past four years. The company’s average buying price is estimated at around $75,000 per Bitcoin. With Bitcoin trading near the $95,000 level, Strategy’s unrealized gains have expanded considerably, further reinforcing its position as the largest corporate holder of BTC. Notably, the firm added 13,627 Bitcoin just last week in a $1.25 billion transaction funded through a mix of debt issuance, equity offerings, and internal cash reserves.

Historically, Saylor’s social media signals have preceded fresh Bitcoin buys, and traders often interpret them as early indicators of renewed accumulation. This has fueled speculation that another purchase could be imminent, potentially impacting both Bitcoin market sentiment and Strategy’s stock price.

Despite Strategy’s growing Bitcoin exposure, MSTR shares have shown relatively modest short-term movement. Data from TradingView shows the stock gained about 4% over the past week, trading near $174, with a year-to-date increase of more than 12%. Over a longer horizon, however, MSTR has surged over 180% in the past five years, reinforcing its role as a leveraged proxy for Bitcoin price movements. Recent stability was also supported by MSCI’s decision not to alter index rules, removing a layer of uncertainty around the stock.

Meanwhile, Bitcoin market liquidity suggests short-term caution. Analysts note dense liquidity zones between $96,000 and $98,000, areas that often act as price magnets or trigger volatility. While institutional Bitcoin futures activity is rising, many traders remain cautious near these key levels, setting the stage for potential price swings in the near term.