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Bitcoin

Strategy (MSTR) Stock: Saylor Teases Another Bitcoin Buy as BTC Holds Near $78,000

Image: CoinCentral

TLDR Michael Saylor posted his orange chart on Sunday with the line “We found room for even more orange,” a pattern that has come before Monday purchase reports. Strategy held 848,517 BTC as of Oct. 25, up 26% year to date, with an average cost near $75,446 per coin. Bitcoin traded near $77,804 on Sunday, about 3% above Strategy’s average cost. U.S. spot Bitcoin ETFs lost $643.2 million on Oct. 30, leaving October with about $516 million in net outflows. Strategy reported record third-quarter operating income of $20.91 billion, mostly from an accounting gain on its Bitcoin. Strategy (MSTR) is back in the spotlight after executive chairman Michael Saylor posted another orange-themed chart on Sunday. The post came as Bitcoin traded near $77,804, up 0.45% over 24 hours.

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