According to Woofun AI, Michael Saylor posted a Bitcoin chart on Sunday marked with "more orange," a move typically seen as a signal that MicroStrategy (MSTR.US) is about to increase its holdings.

As the publicly listed company holding the most Bitcoin, MicroStrategy (MSTR.US) often discloses its purchase records to regulators on Mondays, and Saylor's visual hints have become a key barometer for the market to anticipate its moves.

It is worth noting that Saylor's signal mechanism has a clear visual logic: the orange dots in the chart correspond to purchase behavior, and the size of the dots directly maps to the purchase quantity.

Looking back to last Sunday, he posted a similar chart with the caption "a little more orange," and BeInCrypto immediately reported the signal, with MicroStrategy (MSTR.US) confirming the next day that it had purchased 950 Bitcoins worth approximately $76 million, at a book value unit price of $79,670, bringing its total holdings to 846,000 coins.

However, this signal is not absolutely accurate, as a filing from the previous week showed no buying or selling activity.

Data compiled by Woofun AI shows that while MicroStrategy (MSTR.US) continued buying this year, it also carried out 4 sales between June 30 and August 10, totaling 6,916 Bitcoins, significantly increasing the complexity of its operations.

From the perspective of capital allocation structure, MicroStrategy's (MSTR.US) capital operations show diversified characteristics.

Last week, the company spent $174 million to repurchase STRC preferred stock, which pays monthly dividends to holders, an amount more than double what it invested in Bitcoin.

This emphasis on equity repurchases contrasts with the traditional single-strategy approach of only increasing Bitcoin holdings, demonstrating the company's balanced consideration of liquidity management and shareholder returns.

Although Bitcoin is trading at approximately $84,974, up 1% in 24 hours and about 13% above the average cost of $75,416, the cost premium earlier this month was only 2%, indicating that the impact of market volatility on holdings value is still dynamically adjusting.

The report to be filed on Monday will reveal whether the 950 Bitcoins purchased last week marks a return to a stable pace of coin purchases or a further slowdown in purchase speed.

This result will not only affect MicroStrategy's (MSTR.US) balance sheet but will also provide the market with an important reference regarding large institutions' Bitcoin allocation strategies.

As regulatory disclosure approaches, investors need to closely monitor its subsequent operations to judge long-term holding trends.