Strategy executive chairman Michael Saylor hinted that the company added to its bitcoin position after a sharp weekend drop briefly pushed its holdings into the red.
Saylor posted “More Orange” on X on Sunday alongside a chart of Strategy’s bitcoin buys since August 2020.
The post is widely viewed as his signal that Strategy has bought, or plans to buy, more bitcoin.
Bitcoin briefly fell below Strategy’s cost basis
Bitcoin slid more than 13% over the weekend, dropping from $87,970 to as low as $75,892.
That move briefly pushed BTC below Strategy’s reported cost basis of $76,040, before rebounding to around $76,765.
Strategy’s holdings and recent purchase
The hinted purchase would be Strategy’s fifth bitcoin buy this year.
Its largest 2026 purchase was on Jan. 20, when it bought 22,305 BTC.
Strategy remains the largest bitcoin treasury company, with more than 712,647 BTC under management.
Fed chair nomination and sentiment gauge
The sell-off followed US President Donald Trump’s nomination of former Federal Reserve governor Kevin Warsh to replace Jerome Powell.
Warsh has spoken favorably of bitcoin but is seen as a more hawkish pick focused on fiscal restraint and lower inflation.
The Crypto Fear & Greed Index fell six points to 14 out of 100 on Sunday.
Bitbo tracks market mood with its bitcoin fear and greed chart.
