Michael Saylor Signals Continued Strategy ($MSTR) Bitcoin Accumulation Following STRC Preferred Stock Repurchases

Strategy (NASDAQ: MSTR) Executive Chairman Michael Saylor has offered a fresh indication that the company remains prepared to expand its Bitcoin holdings, posting the brief message “There’s always room for more orange” on X.

The remark, widely interpreted by market observers as a reference to additional Bitcoin purchases, arrived on a Sunday and followed the firm’s latest balance-sheet update covering activity through early October.

Because US federal offices were closed the following Monday for the Columbus Day holiday, any formal confirmation through a Securities and Exchange Commission (SEC) filing was not expected before Tuesday.

In the week spanning September 28 to October 4, Strategy acquired 334 Bitcoin for roughly $28.7 million.

That addition lifted the company’s total holdings to exactly 848,000 BTC, according to its October 5 Form 8-K.

Over the same interval the firm also repurchased approximately 1.77 million shares of its STRC preferred stock at a cost of $176.3 million—more than six times the amount directed toward new Bitcoin. STRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, carries a stated amount of $100 and a 12 percent annualized dividend; the company has previously indicated it will support the security when it trades below par and scale back purchases as the price approaches that level.