Michael Saylor Hints at New Bitcoin Accumulation With “Orange Dot” Signal
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Written by
Simonas Brazionis - Updated 2025-12-07 23:26:37
MicroStrategy continues expanding its position as the largest corporate holder of Bitcoin, now owning 650,000 BTC purchased across 88 separate acquisitions. At current market prices, the company’s stash is valued at $57.8 billion, reflecting unrealized gains of more than $9.4 billion and an average entry of $74,436 per BTC.
The chart that tracks these purchases uses orange dots to mark every buy. A new cluster of dots has appeared during the recent price pullback, hinting that MicroStrategy may have added even more Bitcoin while the market dipped. Historically, the company has followed a similar pattern: accumulating aggressively when prices weaken.
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Saylor’s Post Sparks Speculation About More Buying
Michael Saylor amplified the speculation by posting “₿ack to Orange Dots?” on social media — a phrase widely associated with the firm’s buying activity. No official announcement of a new acquisition has been released, but the timing of the message, along with the chart activity, has fueled expectations that another round of purchasing could be underway.
Without direct confirmation, the post remains a signal rather than a statement, yet traders are interpreting it as a potential sign that MicroStrategy is preparing for another entry.
On-Chain Indicators Show Pressure Among Miners and Short-Term Holders
Several on-chain metrics reveal stress in the broader Bitcoin environment:
- Hash Ribbons have flipped bearish, a condition that appears when the short-term hash rate drops below the longer-term average. This often indicates that miner profitability is weakening and some miners may be shutting down equipment.
- Short-Term Holder NUPL has fallen below zero, meaning most recent buyers are sitting on unrealized losses. This reflects a zone associated with capitulation, where less resilient holders are more likely to sell.
These signals have historically appeared near major price bottoms, though they do not guarantee a rebound.
Market Waits for Confirmation of a New Buying Round
MicroStrategy has repeatedly bought Bitcoin during downturns and has never sold any of its holdings. If the new orange dots do represent fresh purchases, the company may be initiating another wave of accumulation at lower prices.
Market watchers are paying close attention. Any confirmation of new buys would likely send a strong message about institutional confidence — but for now, Saylor’s post remains an intriguing hint rather than clear evidence.
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