Saylor Reveals Orange Code: MicroStrategy Intensively Expands Its Position in Bitcoin

In recent days, the cryptocurrency market has been focusing on clear signals from MicroStrategy founder Michael Saylor about upcoming bitcoin purchases. The company has just completed a massive $1.25 billion purchase, bringing its bitcoin holdings to an impressive 687,410 BTC, and all signs point to continued aggressive accumulation.

Balance of almost 687 thousand bitcoins: the strategy of maximum concentration

The beginning of 2026 was marked by MicroStrategy’s unprecedented activity in the bitcoin market. Since January 4, the company has conducted two major transactions: the first was 1,283 BTC worth about $116 million, the second was 13,627 BTC worth $1.25 billion. In total, the company added 14,910 BTC to its portfolio in a month.

MicroStrategy’s current position is 687,410 BTC with an average buy price of $75,353 per unit. When trading bitcoin in the area of $84,820 (data from January 29, 2026), the position remains profitable on paper, although the price dynamics in recent days have remained volatile with a drop of 4.89% per day.

Orange Hint on Social Media: How the Saylor Signaling System Works

One of the main news stories of the past days was Saylor’s post on X (Twitter) with the attention-grabbing caption “Big Orange.” A screenshot from StrategyTracker showed the historical price of bitcoin and notes on the company’s previous purchases. This symbolic orange hint — a color traditionally associated with bitcoin — is Saylor’s proven method for signaling upcoming major acquisitions.

History shows that such publications often precede the official announcement of the purchase several days in advance. This isn’t the first time Saylor has used this approach — the method works as an indirect but fairly clear signal for investors and analysts to keep an eye out for new announcements of BTC acquisitions. Orange has become a kind of code for reliability and consistency in the implementation of the strategy.

Convertible Bonds: How MicroStrategy Finances Massive Expansion

MicroStrategy’s intensive accumulation of Bitcoin required the raising of significant capital. The Company uses a combined financing approach, including the issuance of convertible bonds, specialized instruments that allow the Company to raise funds at relatively low interest rates. These bonds can be converted into company shares under certain conditions, which creates incentives for investors.

This scheme allows MicroStrategy to avoid a sharp increase in direct financial costs for the immediate expansion of the position in BTC. However, this method has side effects – a growing share of potential dilution of shares can put pressure on the value of the company’s existing shares.

MicroStrategy Stock Under Pressure: The Shadow Behind Bitcoin’s Success

Against the backdrop of the fact that MicroStrategy’s bitcoin portfolio is showing impressive gains, the value of the company’s shares themselves is under significant pressure. Over the past twelve months, MicroStrategy’s quotes have noticeably decreased from their previous highs, casting doubt on the effectiveness of the strategy of centralized accumulation of digital assets.

Investors in the company’s traditional capital face a contradiction: the BTC portfolio grows and brings paper profits, but the shares themselves lose value. This phenomenon reflects the broader market frustration with the models of companies whose core assets and business lines have been decentralized in favor of concentrating on a single digital asset.

Bitcoin Drops 4.89%: Market Turbulence Complicates Positions

As of January 29, 2026, Bitcoin is trading at $84,820, retreating 4.89% in the last 24 hours. This move follows trade disagreements between the US and Europe, which caused a wave of sell-offs in risky assets across the market.

The price slump caused a wave of liquidations of positions, the total value of which exceeded $650 million in the cryptocurrency market. At the same time, while traditional assets such as gold and stocks have won back some of their losses since the beginning of the session, cryptocurrencies continue to hold near daily lows, raising questions about how deep the current fall could be.

Analysts give mixed forecasts, with some sources pointing to a possible local bottom of the market in the near future, based on funding figures, while others warn that a full-fledged pivot may not come until the US Federal Reserve’s monetary policy is significantly eased.

Information is based on data from CoinDesk and StrategyTracker. Up-to-date Bitcoin and MicroStrategy Portfolio data are updated as of January 29, 2026 at 17:05 UTC.