Saylor Signals Imminent Buy with ‘Big Orange’ Tweet; MSTR Holdings Hit 673k BTC

The Signal

Michael Saylor has triggered the alarm again. On Sunday, the MicroStrategy chairman posted a cryptic “Big Orange” message on X, a signal the market now interprets as a precursor to a corporate acquisition announcement. The post follows a precise pattern established over the last quarter: a weekend teaser, followed by a Monday morning Form 8-K filing with the SEC.

Traders immediately flagged the similarity to last week’s “Orange or Green?” post, which preceded the January 6 disclosure of a 1,286 BTC purchase ($116 million). The market now expects a formal confirmation of a fresh tranche within 24 hours.

The Receipt

MicroStrategy’s aggression is quantifiable. As of the January 5 filing, the company holds 673,783 BTC, valued at approximately $61.25 billion at current prices. The firm’s cost basis sits at roughly $75,026 per coin, leaving them with a massive buffer as Bitcoin trades near $90,900 (-0.5% in 24h).

The strategy is mechanical: sell equity, buy Bitcoin.

The company recently upsized its “21/21 Plan” to a “42/42 Plan,” aiming to raise $84 billion over three years to absorb more of the circulating supply. This turns MSTR stock into a leveraged proxy for the asset; shares closed Friday at $157.76, though pre-market action often prices in weekend crypto moves before the opening bell.

Institutional Context

This is not just accumulation; it is floor defense. By consistently buying at the market, MicroStrategy provides structural liquidity that counteracts selling pressure from miners or macro profit-taking. With MSCI recently deciding to retain “Digital Asset Treasury” companies in its global indices, the risk of forced liquidation from passive funds has evaporated, greenlighting Saylor to continue the aggressive levered buy-side strategy.

Expect the official filing before US markets open Monday.