Technique (previously often called MicroStrategy), the biggest company Bitcoin holder, is buying the highest crypto at its slowest tempo in current reminiscence.
But its govt chairman, Michael Saylor, continues to trace that one other large-scale buy could also be on the horizon.
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Technique’s Bitcoin Shopping for Spree Considerably Slows
On October 26, CryptoQuant analyst J. Maartunn reported a pointy decline in Technique’s weekly Bitcoin acquisitions.
In keeping with him, the corporate’s purchases have fallen from tens of 1000’s of BTC per week in late 2024 to roughly 200 BTC in current weeks.
For context, the corporate was shopping for greater than 10,000 BTC in a single week, together with a document surge of 55,500 BTC at its peak.
Technique’s Bitcoin Purchases. Supply: CryptoQuant
Nevertheless, that determine has dwindled to a couple hundred cash, the identical stage seen 5 years in the past when the corporate was nonetheless testing its dollar-cost-averaging technique.
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In the meantime, this slowdown indicators not waning conviction, however tighter monetary situations which have constrained new capital deployment.
Technique’s fairness issuance premium, the hole between its share worth and the guide worth of its Bitcoin holdings, has plunged from 208% to 4%.
That collapse has made new inventory choices a far much less environment friendly strategy to increase capital for extra Bitcoin buys.
On the identical time, the corporate’s inventory worth has fallen roughly 50% from its document excessive, whereas Bitcoin trades about 16% beneath its $126,000 all-time peak, hovering close to $111,000 as of press time.
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These decrease market valuations and thinner financing choices have inadvertently pressured Technique to average its shopping for tempo.
Saylor Hints at ‘Orange Dot Day’
Regardless of the slowdown, Saylor continues to sign that Bitcoin stays central to the corporate’s treasury technique.
On X, he posted a screenshot of Technique’s Bitcoin tracker alongside the phrase “It’s Orange Dot Day.” This can be a cryptic cue he has used repeatedly forward of official buy bulletins.
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Notably, such posts usually precede formal filings, suggesting that one other purchase may arrive quickly.
Nevertheless, even with lowered frequency, Technique stays some of the aggressive institutional accumulators out there. The agency has spent roughly $19.5 billion on Bitcoin in 2025 alone, trailing solely its $21.7 billion whole from 2024.
These purchases have helped push Technique holdings to 640,418 BTC, which equates to round 3.2% of all Bitcoin in circulation.
