Strategy is signaling renewed conviction in bitcoin as market volatility intensifies, with leadership once again hinting at further accumulation through a closely watched social media post shared on X on Feb. 1, 2026.

Executive Chairman Michael Saylor stated: “More Orange.” The post coincided with a sharp market downturn that saw bitcoin fall more than 6.5% over the prior 24 hours, dropping below the $80,000 psychological level for the first time in nearly a year and touching lows near $76,000.

The decline followed a confluence of macroeconomic pressures, including the nomination of Kevin Warsh as Federal Reserve chair, renewed concerns over tighter liquidity, elevated real yields, a stronger dollar, and fading expectations for near-term rate cuts. Those forces weighed on risk assets broadly, triggering roughly $1.6 billion in leveraged liquidations as bitcoin fell through key technical and psychological levels. Against that backdrop, market participants viewed the timing as intentional, framing the post as a buy-the-dip signal as bitcoin briefly traded below Strategy’s implied break-even range near $78,038, reinforcing the firm’s long-standing accumulation thesis during periods of macro stress.

Read more: Diamond Hands Put to the Test: Will Strategy Ever Capitulate?

Data published on Strategy’s website showed the company holding 712,647 bitcoin, with reserves valued at roughly $55.1 billion based on prices near $77,378. Shares traded around $149.71, reflecting declines of 41% over three months and 56% year over year, while the bitcoin strategy return remained above 1,100%. Additional figures pointed to a market capitalization of about $49.7 billion, enterprise value near $64.0 billion, total debt of approximately $8.24 billion, net leverage of 11%, and an mNAV ratio of 1.15, highlighting the scale and financial intensity of Strategy’s bitcoin-focused treasury model.

Overall, the post reaffirmed Strategy’s willingness to buy into weakness, signaling steady conviction despite market stress. The message reinforced expectations that the company remains committed to aggressive bitcoin accumulation as volatility tests investor sentiment.

• What does Strategy’s “more orange” post signal to investors during the bitcoin selloff?
  It signals renewed conviction and an implied buy-the-dip stance, reinforcing Strategy’s long-term bitcoin accumulation strategy amid heightened volatility.
• How does the recent bitcoin price drop affect Strategy’s balance sheet and investment thesis?
  Despite bitcoin falling below $80,000, Strategy’s holdings remain near its implied break-even range, supporting its thesis of accumulating during market stress.
• What are the key financial risks and leverage metrics investors should watch?
  Investors should monitor Strategy’s $8.24 billion in total debt, 11% net leverage, and mNAV ratio of 1.15, which underscore the capital-intensive nature of its bitcoin treasury model.
• How has Strategy’s bitcoin-focused approach impacted shareholder performance?
  While shares are down 56% year over year, the bitcoin strategy return remains above 1,100%, highlighting high volatility but substantial long-term upside exposure.

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