Michael Saylor has reignited speculation that Strategy may purchase more Bitcoin after posting, “We found room for more orange,” alongside an updated chart showing the company’s accumulation history.

We found room for more orange. — Michael Saylor (@saylor) October 18, 2026

The post did not disclose the size, cost or date of any potential purchase. It also did not confirm that a new acquisition had already taken place. Strategy’s balance therefore remains listed at 848,250 BTC until the company publishes an official purchase disclosure, the form of announcement through which it has historically confirmed additions to its reserve.

Strategy — the company formerly known as MicroStrategy and the largest known corporate holder of Bitcoin — currently holds approximately 848,250 BTC, valued at about $69.45 billion. The average purchase price is $75,444 per bitcoin, while the reserve had an unrealized gain of $5.23 billion, or 8.15%, at the time of the chart’s snapshot.

The updated chart records 118 Bitcoin acquisition transactions, illustrating how Strategy has built its holdings across multiple market cycles rather than through one large purchase. The accumulation continued through periods when Bitcoin traded below the company’s average purchase price as well as periods when the cryptocurrency rose above $100,000.

Strategy’s Bitcoin reserve reaches $69.45 billion

Saylor’s chart values Strategy’s Bitcoin holdings at approximately $69,450,000,000. The company’s total acquisition cost is about $64 billion, based on an average price of $75,444 per BTC.

The value of the holdings stood at $69.45 billion on October 18. The source article described the reserve as placing the company in a strong position despite Bitcoin trading at a relatively low price that day.

The orange elements in Strategy’s chart represent previous Bitcoin purchases. Saylor’s wording appears to reference that visual record, but the post does not state that another purchase has been added to the chart.

Holdings represent about 4.04% of Bitcoin’s maximum supply

At 848,250 BTC, Strategy owns approximately 4.04% of Bitcoin’s maximum supply of 21 million coins, a fixed cap written into the Bitcoin protocol. The company’s transactions receive close attention in crypto markets because Bitcoin’s supply is finite and the rate of new issuance gradually declines — and because no other publicly traded company holds a Bitcoin position of comparable size.

Strategy’s latest message is consistent with its established approach of treating Bitcoin as a primary treasury reserve asset. The chart shows an accumulation trend extending across bull and bear markets since the company made its initial purchase in 2020, an approach that helped pioneer the corporate Bitcoin treasury strategy since adopted by a growing number of publicly listed companies.

However, “We found room for more orange” is not confirmation of fresh buying. The source article also noted that the next official disclosure will clarify whether the comment preceded the addition of the newly increased 848,250 BTC holding to the previously reported total of 663,515 BTC.

The original report was published by CryptoNinjas: https://www.cryptoninjas.net/news/michael-saylor-teases-more-bitcoin-after-strategys-69-45b-reserve-hits-848250-btc