Michael Saylor has posted a cryptic message about handling Bitcoin matters privately, shortly after Strategy disclosed another Bitcoin purchase funded mainly through common-stock sales.
In an October 23 post on X, Saylor wrote, “Just resolving a few Bitcoin matters behind closed doors.” The post included a 14-second video featuring Saylor in a Matrix-style action scene but gave no details about a possible purchase, its amount, or its funding.
The message comes ahead of Monday, October 26, when Strategy may release its next weekly update. However, Saylor’s post does not confirm that another Bitcoin purchase has taken place.
Strategy’s October 19 filing showed that the company bought 267 BTC between October 12 and 18 for approximately $22.1 million, at an average price of $82,900 per Bitcoin, including fees and expenses. Its total holdings reached 848,517 BTC, acquired for around $64.02 billion at an average cost of $75,446 per coin.
Over the previous two reporting weeks, Strategy purchased 517 BTC for a combined $43.6 million. Its earlier purchase involved 250 BTC for $21.5 million. Compared with that week, the number of Bitcoin acquired increased by 6.8%, while total spending rose by about 2.8%. The average purchase price also fell by approximately 3.8%.
Common-stock sales provided most of the funding. During the latest week, Strategy raised about $22 million by selling 140,872 MSTR shares and used another $100,000 from its existing cash. In the previous week, it raised $21 million through common-stock sales and used $500,000 in cash.
Across both weeks, Strategy sold 266,055 common shares and raised approximately $43 million, with $600,000 coming from cash. This means common-stock proceeds covered around 98.6% of its $43.6 million in Bitcoin purchases.
Meanwhile, Strategy spent far more on buying back its STRC preferred shares than on acquiring Bitcoin. It repurchased $193.1 million worth of STRC between October 12 and 18, following $192.4 million in buybacks the previous week. The combined $385.5 million was roughly 8.8 times its Bitcoin spending over the same period.
STRC, officially known as Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, had a stated dividend rate of 12% in the company’s October 19 materials. The company’s stated objective is to keep its trading price around $99 to $100 over time. Its repurchase policy allows regular buybacks below $100, while management has said it will not issue new STRC shares below that level.
Strategy also increased its authorized budget for preferred-security repurchases from $2 billion to $3 billion. As of October 18, approximately $1.16 billion remained available under that authorization.
The company maintains separate cash accounts for different purposes. Its USD Reserve is intended to cover preferred dividends and debt interest, while general-purpose USD Cash can be used for Bitcoin purchases and other capital-management activities.
During the week ending October 18, Strategy used $193.1 million in cash for STRC buybacks and $45.5 million from its reserve for preferred dividends. At the end of the period, it reported $447.3 million in general-purpose cash and $4.83 billion in its reserve.
Although Saylor’s latest post has attracted attention, it does not establish that Strategy has made another Bitcoin purchase. Investors will need to wait for an official company disclosure to confirm any new transaction.