MicroStrategy Buys More Bitcoin, Up 75% From Last Week: Is the Buying Picking Up?

Strategy, formerly MicroStrategy, bought 1,666 Bitcoin (BTC) in its latest weekly purchase. The company now holds 847,666 BTC, more than any other public company.

Strategy is a Nasdaq-listed software firm that turned itself into a Bitcoin holding company. It reports its purchases to US regulators, usually on Mondays.

MicroStrategy Bitcoin Buying Grows 75% From Last Week

The new purchase is about 75% larger than the previous one. Last Monday, Strategy disclosed a 950 BTC buy worth about $76 million, which took its holdings to 846,000 BTC.

Before that, the company ended a 10-week pause on August 31 with 4,603 BTC. The week in between showed no buying at all.

Bitcoin trades near $83,251, down 2.3% over 24 hours, according to BeInCrypto data. At that price, the 1,666 coins are worth roughly $138.7 million.

Saylor's "Even More Orange" Post Came a Day Earlier

Executive Chairman Michael Saylor hinted at the buy on Sunday. He posted a chart of Strategy's purchases, where each orange dot marks a buy, with the caption "Even more orange."

BeInCrypto reported Saylor's latest signal that evening and said Monday's filing would confirm any new purchase. The week before, his "A little more orange" post also came a day before the 950 BTC buy.