Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Michael Saylor signals another bitcoin buy a Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Michael Saylor signals another bitcoin buy a

Michael Saylor signals another bitcoin buy as BTC price slumps to $78,000

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Michael Saylor signals another bitcoin buy as BTC price slumps to $78,000

Strategy’s ability to fund a large bitcoin purchase appears limited after a weak performance for the price of its common and preferred shares.

By James Van Straten|Edited by Sheldon Reback
Feb 1, 2026, 3:03 p.m.
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Strategy Executive Chairman Michael Saylor (Nikhilesh De modified by CoinDesk)

What to know:

  • Strategy Executive Chairman Michael Saylor hinted at another bitcoin purchase following the weekend selloff.
  • With company's shares down 6% on the week and its STRC preferred stock trading below par, any purchase is likely to be limited due to constrained capital raising options.

Strategy (MSTR) Executive Chairman Michael Saylor indicated that the largest publicly traded holder of bitcoin BTC$77,296.23 bought more of the largest cryptocurrency over the past week.

“More Orange,” Saylor wrote in an X post on Sunday morning.

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For months, Saylor has typically previewed Strategy’s bitcoin purchases with a weekend post referencing orange dots, a signal that is usually followed by a formal announcement on Monday.

Given that the common stock fell 6% over the week, closing below $150 per share, it is likely the company’s ability to raise capital through at-the-market (ATM) sales was constrained, limiting the amount of BTC acquired.

Stretch (STRC), Strategy’s perpetual preferred stock, traded below its $100 par value for the entire week, preventing the company from issuing stock through the ATM program tied to that instrument. It recently increased the dividend rate on the shares to help lift the price.

The company has acquired roughly 40,000 BTC since the start of the year, bringing its total bitcoin holdings to approximately 712,647 BTC.

As of press time, bitcoin is trading around $78,000.

Bitcoin NewsMichael SaylorStrategy
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