Saylor hints at more Strategy Bitcoin buying, confirms none

Strategy Executive Chairman Michael Saylor signaled the possibility of another Bitcoin purchase on Nov. 1, but his post did not confirm a new acquisition. A chart accompanying the message showed 848,517 Bitcoin, the same balance the company had disclosed as of Oct. 25. Saylor wrote that the company had found room for more buying, referring to the chart’s orange purchase markers. The signal came after Strategy reported no Bitcoin purchases or sales during the week of Oct. 19 to 25. In an Oct. 26 filing, the company said it had repurchased $204.9 million of its variable-rate preferred shares, known as STRC. The filing reported 2,068,459 shares repurchased during that period. Strategy had $242.4 million in cash available for acquisitions and corporate purposes as of Oct. 25. Saylor had offered a broader market assessment alongside the company’s Oct. 29 quarterly results, saying Bitcoin was at the beginning of a new bull market. He cited renewed institutional demand and growing acceptance among banks. That is Saylor’s outlook, rather than confirmation of a market direction or a company purchase. Strategy reported third-quarter operating income of about $20.9 billion, driven...