Michael Saylor, co-founder and executive chairman of Strategy, put corporate Bitcoin accumulation back in the spotlight on Sunday, October 18, signaling that the company could be preparing to add to its substantial Bitcoin holdings. "We found room for more orange," Saylor wrote in a post on X, attaching an updated acquisition chart. The color orange has long served as shorthand for Bitcoin, and the chart format has become the company's customary way of signaling purchases ahead of official confirmation.

We found room for more orange. pic.twitter.com/XAgiEZbXgO — Michael Saylor (@saylor) October 18, 2026

The post, however, offered no purchase figure and did not confirm that a transaction had occurred. The accompanying chart listed approximately 848,250 BTC, valued at $69.45 billion, with an average acquisition cost of $75,444 per coin. Saylor has repeatedly used the graphic format to preview the company's Bitcoin purchases.

A similar sequence unfolded only a week earlier: Saylor's October 11 post preceded an October 12 acquisition disclosure. The company typically follows such teasers with a formal announcement, usually through a press release and a regulatory filing with the U.S. Securities and Exchange Commission, known as a Form 8-K, within about a day — although that pattern does not establish whether a new purchase has actually taken place this time.

Strategy, the software company formerly known as MicroStrategy, adopted Bitcoin as its primary treasury reserve asset in 2020 and has since assembled the world's largest corporate holding of the asset — a stockpile large enough that its periodic purchase announcements are closely watched across the industry.

Last Disclosed Purchase: 250 BTC for $21.5 Million

Strategy's most recent disclosed acquisition covered 250 coins purchased for approximately $21.5 million between October 5 and October 11, at an average price of $86,194 per coin, according to the company's official announcement. The buy lifted total holdings to 848,250 coins, representing approximately 4.04% of the asset's fixed 21 million supply — the equivalent of roughly one out of every 25 bitcoins that will ever exist.

Funding for the purchase leaned heavily on equity rather than cash: common-stock sales provided $21 million, while cash covered the remaining $500,000. The mix illustrates how share issuance, rather than cash alone, has supported recent acquisitions. In the same update, the company also disclosed spending $192.4 million to repurchase STRC preferred shares.

As of October 11, Strategy reported a $4.88 billion reserve earmarked for dividend and interest obligations, alongside $640.5 million in separate USD Cash. The latter balance could fund acquisitions and other corporate activities, although neither figure establishes the scale of any future purchase. Attention now turns to a potential October 19 announcement, with Saylor yet to confirm another transaction.

Bitcoin RSI Near 46.5 as Traders Watch $80,000 Support

Alongside the corporate-buying discussion, analyst OxSweep highlighted a contrast between Bitcoin's recent price behavior and the Relative Strength Index on October 18, comparing the latest RSI decline with a May episode in which weakening momentum accompanied a sharper market drop.

$BTC current structure is very different than the one that happened in May

Back then the RSI reset and the price crashed

Right now the RSI reset is happening the price is holding well

This is what happens when an asset enters a bull run pic.twitter.com/jksAcjrSsT — Sweep (@0xSweep) October 18, 2026

This time, prices held comparatively higher levels despite the indicator's retreat. That distinction underpinned the analyst's bullish interpretation, rather than confirming that another advance had begun.

RSI measures the speed and magnitude of price changes on a scale of zero to 100, with readings above 70 generally viewed as overbought and those below 30 as oversold. Fidelity's technical guide identifies the 40–50 range as potential momentum support during established uptrends, the zone where Bitcoin's current reading sits.

An October 18 snapshot showed Bitcoin trading near $81,616, with its 14-day RSI around 46.5 — a reading that indicates neutral momentum, not a confirmed breakout. Support near $80,000–$81,000 and a recovery toward $84,000 remain the immediate technical reference points for traders. The prevailing price also sits roughly $6,200 above the $75,444 average acquisition cost listed on Saylor's chart.

A subsequent regulatory disclosure would determine whether the latest orange-themed post reflected an actual purchase; price action would then provide the separate test of whether bullish momentum is building.

Based on reporting by Blockonomi.