Strategy Executive Chairman Michael Saylor fired off his now-customary orange dot chart on X on March 1, captioning it “The Turn of the Century.” For traders tracking the corporate bitcoin buyer, the pattern is unmistakable: a formal filing detailing a new purchase typically lands the next business morning.
The chart itself plots each completed bitcoin acquisition as an orange marker against a historical price backdrop. As of the post, BTC was trading near $67,010. Strategy’s public holdings dashboard showed 717,722 BTC in its treasury, valued at roughly $48.09 billion. The average purchase price sat at $56,020 per coin, with a total outlay of approximately $26.4 billion spread across 100 separate buys.
Beyond the bitcoin pile, Strategy reported $2.25 billion in USD reserves, $904 million in annual dividends, $8.25 billion in debt, and $8.46 billion in preferred equity. Net leverage stood at 12%, with 53.2 bitcoin-years of dividend coverage and 29.9 months of USD dividend coverage. The orange dot reappearance against these metrics has market participants betting another acquisition filing is imminent.
MSTR shares closed at $129.50, down 2.92%, giving the stock a market cap of $43.27 billion and an enterprise value of $57.68 billion. Open interest tied to the stock reached $35.18 billion, with 30-day historical volatility at 114% and one-year volatility at 79%.
Saylor’s orange dot playbook is well-worn by now. Earlier in 2026, during a brutal crypto selloff that flushed leveraged positions, he posted “more orange” — and Strategy promptly disclosed a major buy-the-dip move. This time, the “Turn of the Century” phrasing has some analysts wondering whether Saylor is hinting at a longer hold horizon or simply executing a scheduled purchase. Either way, the market is waiting for the Monday morning filing.