Strategy (formerly known as MicroStrategy), the largest corporate Bitcoin holder, is acquiring the top crypto at its slowest pace in recent memory.

Yet its executive chairman, Michael Saylor, continues to hint that another large-scale purchase may be on the horizon.

Strategy’s Bitcoin Buying Spree Significantly Slows

On October 26, CryptoQuant analyst J. Maartunn reported a sharp decline in Strategy’s weekly Bitcoin acquisitions.

According to him, the company’s purchases have fallen from tens of thousands of BTC per week in late 2024 to roughly 200 BTC in recent weeks.

For context, the company was buying more than 10,000 BTC in a single week, including a record surge of 55,500 BTC at its peak.

Startegy’s MSTR Premium. Source: CryptoQuant

At the same time, the company’s stock price has fallen roughly 50% from its record high, while Bitcoin trades about 16% below its $126,000 all-time peak, hovering near $111,000 as of press time.

These lower market valuations and thinner financing options have inadvertently forced Strategy to moderate its buying pace.

Saylor Hints at ‘Orange Dot Day’

Despite the slowdown, Saylor continues to signal that Bitcoin remains central to the company’s treasury strategy.

On X, he posted a screenshot of Strategy’s Bitcoin tracker alongside the phrase “It’s Orange Dot Day.” This is a cryptic cue he has used repeatedly ahead of official purchase announcements.

Notably, such posts often precede formal filings, suggesting that another buy could arrive soon.

However, even with reduced frequency, Strategy remains one of the most aggressive institutional accumulators in the market.  The firm has spent roughly $19.5 billion on Bitcoin in 2025 alone, trailing only its $21.7 billion total from 2024.

These purchases have helped push Strategy holdings to 640,418 BTC, which equates to around 3.2% of all Bitcoin in circulation.