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Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has once again teased a potential Bitcoin acquisition through a cryptic post on X, writing "Stretch the Orange Dots" — a phrase followers have come to associate with upcoming BTC purchases. This marks the eleventh such hint Saylor has shared in 2026, continuing a pattern where Sunday posts typically precede formal Monday announcements.
The hint arrives just days after Strategy acquired 17,994 BTC last week, adding to what has become one of the largest corporate Bitcoin treasuries in existence. The company now holds 738,731 BTC across 102 purchases since late 2020, with a total cost basis of approximately $56.04 billion and an average entry price of around $75,863 per coin. At Bitcoin's current trading price of $71,300 — up 1.15% in the past 24 hours — the position reflects an unrealized loss of roughly $3 billion, or about 5.4%.
Despite ongoing price volatility, Strategy has shown no signs of slowing its accumulation strategy. The company continues to fund Bitcoin purchases through debt and equity financing, including an at-the-market share program that allows it to raise capital by selling stock. Crypto traders speculate the firm may have already added over 1,000 BTC this week based on activity linked to that program.
Investor interest in Strategy-related securities remains strong. The company's STRC preferred stock has emerged as the most liquid preferred instrument offering indirect Bitcoin exposure, drawing increasing demand from institutional and retail investors alike. MSTR shares traded at $138.40 in after-hours activity following a Friday close of $137.34, though short interest has also been rising, signaling some bearish positioning around the stock.
On-chain data adds broader context, with long-term Bitcoin holders currently controlling around 79% of circulating supply — a more stable distribution compared to the sharp decline seen during the 2021 market cycle.
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