Michael Saylor Hints at New Strategy Bitcoin Purchase as ETFs Lose $643 Million

TLDR Michael Saylor posted his orange Bitcoin chart on Sunday, hinting at another Strategy purchase. Strategy held 848,517 Bitcoin as of October 25, according to its latest results. Bitcoin traded near $77,804 on Sunday, about 3.1% above Strategy’s September 30 average cost of $75,437. U.S. spot Bitcoin ETFs lost $643.2 million on October 30 and ended October with about $516 million in net outflows. Strategy’s variable-rate preferred stock closed Friday at $99.13, down 0.83%. Michael Saylor has hinted that Strategy may have bought more Bitcoin. On Sunday, the executive chairman posted his familiar orange-themed chart on X.