Saylor Signals Fresh BTC Buys with “Orange Dots” as Strategy Defends Nasdaq 100 Spot

Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor has once again ignited speculation of an imminent Bitcoin buy, posting a cryptic “Back to More Orange Dots” update to X on Sunday.

The post, which displayed the company’s Bitcoin Tracker, is widely interpreted by algos and traders as a pre-announcement of a completed accumulation event. The chart also shows Strategy holding roughly 660,000 BTC with a portfolio value close to $59 billion.

The average purchase price stands near $74,702, with 88 confirmed buying events listed on the tracker.

Saylor captioned the post with “Back to Orange Dots?”, a phrase widely associated with new Bitcoin purchases by Strategy.

In past cases, similar posts were followed by official announcements confirming fresh accumulation, often at the start of the week. Strategy’s most recent was 130 BTC.

Also, beyond Strategy, data from BitcoinTreasuries.NET the top 100 public companies now hold a combined 1,073,365 BTC.

ABTC added 363 BTC, the largest increase among public firms this week. Cango Inc. also expanded its holdings with a 130.6 BTC purchase. Other companies include Bitdeer, BitFuFu, Hyperscale Data, Genius Group, and Bitcoin Hodl Co.

The steady additions indicate that some corporations remain committed to building Bitcoin reserves even as prices struggle.

Strategy secured its position in the Nasdaq 100, the annual index reshuffle that removed several well-known companies. The firm was added to the index last December.

Originally a business software company, Strategy shifted its core focus in 2020 toward Bitcoin accumulation. Since then, it has become the biggest corporate holder of BTC across the globe.

The firm’s rapid BTC purchases have drawn criticism from some analysts and index providers, who argue it functions more like a Bitcoin investment vehicle than a traditional operating business.

MSCI about crypto treasury companies and is expected to issue a decision in January on whether such firms should remain in its benchmarks. Strategy against this view, and claimed that it is an operating company rather than a holding fund.

On the other hand, Short-Term Holder Net Unrealized Profit and Loss has below zero. As per analysts, the NUPL is lowest since October 2023. This means many recent buyers now hold Bitcoin at a loss.