Funding
Strategy Inc. Signals Potential Bitcoin Acquisition
Strategy Inc., the parent company of Saylor's company, has signaled potential future bitcoin acquisitions. Executive Chairman Michael Saylor has hinted at adding more bitcoin to the company’s holdings, following a $28.7 million acquisition. Saylor’s latest message, posted on X, includes a chart showing the company’s past purchases with orange circles, indicating a potential future purchase. The chart displays 848,000 BTC valued at $70.48 billion, with an average acquisition cost of approximately $75,441 per coin. This follows a sequence of previous orange-themed buying hints, with the latest signal appearing on October 11. The acquisition is part of Strategy’s broader strategy to hold economic value under digital control, aligning with Saylor’s argument that bitcoin provides a way to control economic value. The company’s total acquisition cost reached approximately $63.97 billion, with $15.7 million coming from stock sales and $13 million from its cash balance. The company’s total reserves and cash available support commitments beyond buying BTC, including preferred-stock dividends and interest on outstanding debt.