Overview
- Michael Saylor posted "Bigger Orange" on X, a cue markets have previously interpreted as foreshadowing new Bitcoin purchases after last week’s 13,627 BTC ($1.25 billion) buy.
- Strategy now holds about 687,410 BTC—worth roughly $65 billion—at an average acquisition price near $75,000 per coin, representing close to 3% of Bitcoin’s maximum supply.
- Vanguard disclosed a first-time position of approximately $505 million in Strategy shares, while VanEck increased exposure through common stock and preferred instruments; director Carl Rickertsen also bought shares.
- MSCI decided not to exclude Digital Asset Treasury Companies from its benchmarks, easing a potential index-driven selling pressure on Strategy’s stock.
- MSTR shares have fallen roughly 53% over the past year as the company continues to fund buys through at-the-market equity, preferred shares, and convertible notes that can begin converting in 2027–2028.