Funding
Saylor Teases Bitcoin Purchase at $70 Billion Milestone
Michael Saylor, the head of Strategy Inc., has posted a treasury chart featuring 117 purchase dots and his favorite phrase 'There's always room for more orange.' The company, which controls 848,000 BTC worth $70.48 billion, is restructuring its financing strategy ahead of another purchase. During the week of October 5–9, Saylor's main fundraising instrument, STRC preferred shares, fell below their $100 par value and remained stuck in the $99.43–$99.66 range. The company's internal algorithm activated the 'Buyback Zone,' allowing it to spend money buying back its own discounted securities to support their price. The company has accumulated $12.69 billion in other credit lines, with STRF securities trading firmly above par at $103.98, serving as a source of liquidity. The latest targeted purchase of 334 BTC at $85,838 per coin demonstrates the company's ability to buy even without STRC. The average purchase price across the company's entire portfolio currently stands at $75,436 per Bitcoin, with Saylor sitting on a solid profit. The company is fully prepared for the next wave of purchases, signaling that alternative channels are operational and funds have been accumulated.