Bitcoin Today News: Strategy for acquiring coins slows down, Michael Saylor hints at a big purchase coming?

Data shows that the world's largest corporate Bitcoin holder Strategy (formerly known as MicroStrategy) has significantly slowed its Bitcoin (BTC) purchasing pace. According to a report by CryptoQuant analysts, the company's weekly purchasing volume has dropped from tens of thousands of Bitcoins during peak periods to about 200, approaching levels seen five years ago. Analysts believe this is not a sign of wavering belief, but rather due to a significant drop in its stock price premium and tightening financing conditions. However, despite the slowed purchasing pace, Strategy's Executive Chairman Michael Saylor still hinted through his iconic “Orange Dot Day” that a large-scale Bitcoin purchase may be announced soon, highlighting the core position of Bitcoin in its balance sheet strategy.

Strategy Bitcoin Hoarding Frenzy Significantly Slows Down

The Bitcoin purchasing strategy of Strategy is at a critical turning point. According to a report by CryptoQuant analyst J. Maartunn on October 26, the company's weekly Bitcoin (BTC) acquisition volume has seen a sharp decline. This phenomenon reflects a structural change in its purchasing pace, which has plummeted from the high accumulation of tens of thousands of Bitcoins per week by the end of 2024 to only about 200 per week recently.

Looking back at historical data, the Strategy once set a record of purchasing over 10,000 BTC in a single week, peaking at as high as 55,500 BTC. However, the current level of purchasing hundreds of Bitcoins has fallen back to the early stage when the company first tested its Dollar Cost Averaging (DCA) strategy five years ago.

Financing Dilemma: Stock Price Premium Plummets Limiting Capital Deployment

This significant slowdown in purchasing does not indicate a weakening of Strategy's belief in Bitcoin, but is due to the tightening of financing conditions faced by the company. The core issue is that Strategy's equity issuance premium, which is the difference between its stock price and the book value of the Bitcoin it holds, has plummeted from a high of 208% to 4%.

The collapse of this premium has significantly reduced the efficiency of raising funds through the issuance of new shares for additional Bitcoin purchases. Furthermore, as of the time of writing, Strategy's stock price has fallen by about 50% from its historical peak, while the price of Bitcoin hovers around $111,000, still about 16% lower than its historical peak of $126,000. The lower market valuation and weaker financing options have forced Strategy to moderately reduce its coin purchasing pace.

Michael Saylor “Orange Day” once again indicates a significant purchase

Despite the limited pace of coin purchases in the short term, Strategy's executive chairman Michael Saylor continues to send strong signals to the market, indicating that Bitcoin (BTC) remains the absolute core of his company's balance sheet strategy.

Saylor recently posted an update on X platform, sharing a screenshot of the Strategy Bitcoin tracker, and captioned it “It’s Orange Dot Day.” This mysterious codename is a code that Saylor has repeatedly used before formally announcing large-scale purchases of Bitcoin.

The Ongoing Accumulation by Institutional Whales: Market Influence Unabated

Typically, such posts appear ahead of the company's formal purchase declaration documents, strongly suggesting that Strategy a new round of large-scale purchases may be coming soon. Even though the purchase frequency has somewhat decreased, Strategy remains one of the most aggressive institutional Bitcoin accumulators in the market. In 2025 alone, the company has spent approximately 19.5 billion USD on Bitcoin, second only to the total expenditure of 21.7 billion USD recorded in 2024.

These continuous purchases have pushed its total Bitcoin holdings to 640,418 BTC, which accounts for about 3.2% of the current circulating supply of all Bitcoin. This massive holding means that every buying or selling decision made by Strategy has a significant impact on the entire Bitcoin market. For investors focusing on institutional fund flows, Saylor's “Orange Day” signal is undoubtedly an important reference indicator for market sentiment and price trends.