Strategy, the corporate bitcoin treasury heavyweight, now holds 843,738 BTC. The stash is worth roughly $62.24 billion at current prices. Founder Michael Saylor shared an orange-dot chart this week reiterating the figure, and the crypto grapevine immediately started buzzing about a potential next bitcoin purchase disclosure.
The orange-dot chart
Saylor’s chart is a familiar ritual for bitcoin watchers. Every time he posts a fresh dot — or in this case, an updated tally — traders and analysts take it as a signal that Strategy may have added more bitcoin in the days before the public filing. The company typically discloses large buys in SEC filings a few days after execution. The chart renewal this week didn’t come with a filing, but the timing has people watching the SEC’s EDGAR system closely.
What the numbers mean
843,738 bitcoin is a staggering pile. At $62.24 billion, Strategy’s reserve alone would rank it among the top 50 U.S. companies by market cap if it were a pure equity. The firm has been on an aggressive accumulation streak since 2020, funded mostly by convertible debt and equity sales. The average purchase price is well below current prices, so the paper profit is enormous — but the risk remains tied to bitcoin’s volatility.
What’s next
The big question is whether Strategy will announce another purchase in the coming days. The company has filed a shelf registration to sell up to $21 billion in shares, partly to fund more bitcoin buys. Saylor has said he plans to keep buying. If the chart is a teaser, a filing could land as early as next week. If not, it’s just a periodic check-in that the strategy is still running.
Either way, the market is watching for the next 8-K.
