Michael Saylor has posted signals suggesting another major Bitcoin acquisition is imminent, continuing the firm's aggressive accumulation strategy into 2026.
The Strategy chairman shared a price chart on Jan. 18 captioned "Bigger Orange," using the same visual format that has preceded previous purchase announcements. The pattern has become a reliable indicator of upcoming buys, with Saylor showing no signs of slowing the company's Bitcoin treasury expansion.
Recent Acquisitions and Current Holdings
Strategy has acquired 14,910 Bitcoin since the start of the year through two separate transactions. The firm purchased 1,283 coins for $115.97 million on Jan. 4, followed by 13,627 Bitcoin for $1.25 billion on Jan. 11.
Total holdings now stand at 687,410 Bitcoin acquired at an average price of $75,353 per coin. With Bitcoin currently trading at around $92,900, the treasury shows substantial unrealized gains despite recent market volatility.
Financial Performance and Funding Strategy
The firm's stock price has declined 52.67% over the past 12 months to $173.71 as of Jan. 16, according to Yahoo Finance. Strategy has relied heavily on convertible note sales to fund Bitcoin purchases, issuing billions in short-term debt instruments.
Debt holders will gain the ability to convert billions worth of notes across late 2027 and 2028, creating potential pressure on the company to raise significant capital. Strategy has repeatedly stated it maintains sufficient resources to manage obligations, though executives have acknowledged the possibility of selling Bitcoin as a last resort.
Long-Term Strategy and Market Position
The firm has positioned itself as the largest corporate Bitcoin holder globally, with Saylor advocating for the cryptocurrency as a superior treasury asset compared to cash or bonds. Critics have questioned the sustainability of the leveraged accumulation model, particularly given equity price declines and looming debt conversions.
Strategy maintains that its Bitcoin standard approach delivers long-term value despite short-term stock volatility. The firm continues to expand its treasury through a mix of equity offerings, convertible debt, and operational cash flow.