Strategy Bitcoin | Crypto

Investors will have to wait an extra day to find out if and how much Strategy added to its Bitcoin treasury in the first week of October. Strategy chair Michael Saylor teased investors watching Sunday for a signal of the company’s recent Bitcoin purchases with the message “There’s always room for more orange,” in a post on X. However, any official notification via a filing with the US Securities and Exchange Commission won’t likely come before Tuesday, as federal offices will be closed on Monday for the Columbus Day holiday. Strategy ended September by spending more than six times its weekly Bitcoin (BTC) buying budget on its repurchases of one of its preferred stocks. Strategy bought 334 Bitcoin (BTC) for $28.7 million between Sept. 28 and Oct. 4, bringing its holdings to exactly 848,000 BTC, according to an Oct. 5 8-K form SEC. Read more

Bitcoin gains 20% in two days as Strategy sees its BTC treasury climb out of the red. Bitcoin (BTC) hit $77,000 on Friday as business intelligence company Strategy’s corporate treasury returned to profit. Read more

Michael Saylor posted "back to work" on X on Sunday, signaling a potential Bitcoin purchase after the firm paused buying last week. Michael Saylor has hinted his Bitcoin treasury firm is back on track with its weekly Bitcoin purchases after taking a rare week off at the end of March. In an X post on Sunday, Saylor shared a screenshot from StrategyTracker with the caption  "Back to Work.” He often posts the chart ahead of purchase announcements. The firm took a week off from buying BTC at the end of March, breaking its weekly buying streak for the first time this year. The firm's last purchase was reported on March 23, buying about $77 million worth of BTC at $74,326 per coin. Read more