Microstrategy

Strategy strengthens its bitcoin reserves with a new purchase of 250 units, made between October 5 and 11. At the same time, the company allocated 192.4 million dollars to repurchase its preferred STRC shares. These operations illustrate two axes of its financial management: increasing its digital assets and organizing the financing of its commitments. As of October 11, its reserves reach a record level, while its liquidity remains at the heart of its strategy now.

The company Strategy may soon strengthen its bitcoin reserves, after a new message from Michael Saylor published on October 11. The leader shared an orange chart that renews speculation about an upcoming acquisition. This publication comes a few days after a purchase of 334 BTC, valued at $28.7 million. However, the company's cash reserves must also cover its financial obligations, including dividends and debt interest.

Strive's SATA program reportedly generated about 55 million dollars this week, enough to buy nearly 638 bitcoins. But this financing capacity depends directly on the preferred stock price. From Wednesday, the stock fell below 100 dollars, preventing the company from continuing its issuances. A limit that recalls the risks of the Strategy-inspired model.

Between the secret wallets of giants and the shock simulations of Wall Street, the mapping of Bitcoin holders is shifting. What if AIs are now leading the dance?

Strategy estimates an accounting gain of $20.91 billion on its digital assets in the third quarter of 2026, according to its October 5 SEC filing. However, the nine-month balance remains negative by about $1.86 billion, according to our calculations.

Strategy continues buying Bitcoin. Michael Saylor's company has just acquired an additional 334 BTC for 28.7 million dollars, bringing its total reserve to exactly 848,000 BTC. The average price of the last purchase reached 85,838.80 dollars. In total, the company has now devoted nearly 63.97 billion dollars to its immense Bitcoin treasury.

Michael Saylor has reignited speculation about a new bitcoin acquisition by Strategy. Indeed, he published on October 4 a chart tracing the company's purchases. However, his publication does not represent an official announcement. Only an official statement from the group will confirm a new transaction.

Michael Saylor believes that Strategy, Strive, and other bitcoin treasury companies can capture a fraction of the global stock and bond markets, which together are valued at 318.5 trillion dollars. However, this amount does not represent either an expected valuation for these companies or a revenue forecast, but the theoretical financial market that their new products seek to access.

Strive continues to buy bitcoin almost every week. The Nasdaq-listed company acquired an additional 1,107 BTC for 94.5 million dollars between September 21 and 25. Average price: 85,396 dollars per bitcoin. Its reserve now reaches 27,462 BTC, or about 2.3 billion dollars at current prices.

BitMine is not slowing down: 17,362 more ETH in seven days, 6 million now held in its Ethereum crypto treasury. But the most surprising may still be to come with the 5%.

Faced with the programmed scarcity of Bitcoin, Strategy reaches a historic milestone by locking in over 4% of all bitcoins in circulation. But Michael Saylor's firm is no longer alone, and other giants like Strive are accelerating the pace. An analysis of an unprecedented treasury race.

The market is watching Strategy's movements, as the company could reveal a new bitcoin purchase. On Sunday, Michael Saylor, executive chairman of the company, posted a chart accompanied by the message "Even more orange." This signal usually occurs before the release of new acquisition figures. On Mondays, Strategy typically reports its purchases to US authorities. After a purchase of 950 BTC was announced following a similar message, this post now attracts the attention of the crypto market.

The group is preparing an evolution of its dividend policy. The company wants to obtain the agreement of its shareholders to modify the payment schedule of its four preferred shares, including STRC. If the proposal passes, each calendar day will become a record date, with payment on the next business day. This measure brings Strategy closer to a model already adopted by Strive, another bitcoin treasury company. The project comes as STRC seeks to stabilize its price after its drop in June.

Strategy resumes its bitcoin purchases after a two-week pause, acquiring 950 BTC for 75.7 million dollars. The company also repurchases 174 million dollars of its STRC shares. At the same time, Strive buys BTC at almost the same price. And Bitcoin remains tenth in the global asset ranking.

The CLARITY Act stalls, pushing Saylor to bet on mass adoption of crypto products as U.S. regulators keep moving.

Strategy has paused its bitcoin purchases and put $139 million into STRC, while Strive continues adding BTC to its holdings.

Strategy has just bought back 176 million dollars of STRC and doubled its buyback program to 2 billion to reassure the market about its bitcoin-backed securities. Meanwhile, Peter Schiff questions the real demand, and the company's online shop sells a "BTC-themed" sneaker without a bitcoin payment option. Irony or admission?

Strategy sold 6,916 bitcoins at an average price of about 62,200 dollars between late June and mid-August. A few weeks later, the company bought back 4,603 at 80,318 dollars each. An operation that looks like a classic "sell low, buy high." Its CEO Phong Le does not regret anything: the Bitcoin price was not the priority. The balance sheet needed to be strengthened first.

Bitcoin treasury companies face a new debate around inclusion criteria in major indices. Saylor and Strategy contest an MSCI proposal targeting certain companies considered nonoperational. The group believes this filter could exclude several digital asset-related stocks. However, the cost of this decision goes beyond the companies concerned, as billions of dollars in capital could be affected. The MSCI consultation remains open until September 30 before a decision is expected in October.

Michael Saylor's company has just resumed its bitcoin acquisitions, but at a price that raises questions. Strategy has just bought 4603 BTC at 80318 each for 369.7 million dollars after about two months of absence. However, the company had sold several thousand bitcoins a few weeks earlier at a significantly lower price. Thus, this market return is not a simple resumption of accumulation, but it provides insight into the financial arrangements that now mark this group's bitcoin strategy, between capital raises, liquidity management, and share buybacks.

Strategy reportedly acquired bitcoin for the first time since June 22 according to Michael Saylor's statements. The company president broadcast a brief message as BTC was close to 79,000 dollars. No acquisition, amount, or average price has yet been published. This announcement follows four consecutive sales that reduced Strategy's reserves by 6916 BTC since their last peak.

Arthur Hayes believes that the Strategy stock is no longer the best way to gain exposure to bitcoin. According to the BitMEX co-founder, the removal of the premium once granted to the MSTR share weakens the financial process that allowed the company to issue shares and obtain more BTC. However, this analysis does not explain an immediate insolvency risk. It is mainly related to Strategy's ability to continue its growth without diluting its shareholders.

While hardcore maximalists still treat the white paper like holy scripture, Michael Saylor drops a 14-part essay that unsettles the faithful and reduces Satoshi to just another founder, leaving the purest believers furious.

Just as critics were ready to bury Strategy under a pile of bitcoins, a fierce rebound turned heavy paper losses into a multi-billion windfall, leaving Michael Saylor grinning and doubters speechless.

Michael Saylor's firm stops its bitcoin acquisitions and changes its priorities. Strategy bought no BTC between August 17 and 23, ceasing its usual pace. This suspension does not mean inactivity. The company continues to mobilize equity markets aiming to significantly consolidate its liquidity. It thus chooses a new financial configuration, between cash reserve and bitcoin treasury. This initiative could extend its intervention capacity in upcoming operations.

Bitcoin goes beyond an asset to accumulate according to Michael Saylor. This Sunday, August 23, the Executive Chairman of Strategy broadcast a radical interpretation. For him, bitcoin represents a form of digital sovereignty. It is based on direct ownership and not on financial intermediation. This perception comes at a time when the crypto market is increasingly linked to traditional finance. Between Strategy's cash preferences, legal requirements related to holding cryptos, and rapid use by American banks, Saylor's comments are provocative: can bitcoin remain a tool of sovereignty while integrating into the banking system?

The digital asset market is going through a more uncertain phase as companies linked to bitcoin adjust their reserves. Strategy now has $4.8 billion in cash, offering several options. Michael Saylor believes this financial cushion can support purchases, share buybacks or debt reduction. At the same time, the company also wants to be able to sell its digital assets if conditions change. This flexibility becomes central as the MSTR stock falls sharply.

The crypto market is slowing down, but this lull might not last. As the fourth quarter approaches, several catalysts are emerging in the United States: regulatory advances, increasing involvement of banks, evolution of digital credit, and monetary signals. All these factors could awaken capital flows and change the market trajectory. After a summer marked by wait-and-see and a persistent feeling of fear, the coming months could thus open a new chapter for cryptos. Bitcoin will naturally be at the center of this potential reconfiguration.