Michael Saylor Hints at More Bitcoin Purchases: “Orange Is the Color of November”

MicroStrategy co-founder and chairman Michael Saylor posted a terse message on Twitter:

“Orange is the color of November”

The short phrase has sparked a wave of discussion in the crypto community, where it is being interpreted as a hint at new Bitcoin (BTC) purchases by MicroStrategy.

Michael Saylor is known for his consistent strategy for accumulating Bitcoin.
Since 2020, MicroStrategy has become the first publicly traded company to make Bitcoin its primary corporate treasury reserve asset .

The company currently holds approximately 640,808 BTC , which is equivalent to approximately $45–47 billion at the current exchange rate.
Every statement by Saylor, directly or indirectly related to Bitcoin, is usually accompanied by increased interest in the asset and a rise in market expectations.

Following the tweet, market participants noted an increase in trading volumes on spot exchanges and increased activity from large addresses (so-called whales).
In the crypto community, the phrase “orange” has long been associated with Bitcoin, from the signature color of the logo to the expression “orange-pilled” (to embrace Bitcoin's philosophy).

Many analysts interpreted Saylor's statement as preparation for another round of BTC buying , especially against the backdrop of the correction observed in late October.

MicroStrategy remains the largest corporate holder of Bitcoin in the world and is considered a barometer of institutional demand for digital assets. Any move the company makes has a significant impact on market sentiment—among both retail investors and the institutional sector.

If the community's predictions come true and MicroStrategy does indeed continue purchasing BTC in November, this could create additional pressure on supply and exacerbate the shortage trend in the market.

Source: cryptonews.net