Saylor has roughly one week to hit his informal Sept. 8 target of $100 par on STRC, but the last $3 is getting expensive: Strategy has spent $635.2M on buybacks and only $364.8M remains under its $1B

What happened: Michael Saylor teased Strategy's recent Bitcoin activity in a post on X, saying "There's always room for more orange." Official confirmation via SEC filing likely comes Tuesday, as federal offices close Monday for Columbus Day. Key numbers: Strategy bought 334 BTC for $28.7 million between Sept. 28 and Oct. Why it matters: Perera said raising capital does not necessarily mean buying bitcoin, since much of the Q3 raise supported cash reserves and preferred shareholders. He added that retained cash can fund later purchases and a stronger balance sheet can benefit shareholders.

Michael Saylor teased Strategy's recent Bitcoin activity in a post on X, saying "There's always room for more orange." Official confirmation via SEC filing likely comes Tuesday, as federal offices close Monday for Columbus Day.

Perera said raising capital does not necessarily mean buying bitcoin, since much of the Q3 raise supported cash reserves and preferred shareholders. He added that retained cash can fund later purchases and a stronger balance sheet can benefit shareholders.