Bitcoin whale Strategy (MSTR.US) has remained on the sidelines for two weeks without purchasing Bitcoin, according to its latest regulatory filing. However, a fresh post from Executive Chairman Michael Saylor has investors betting that the company may have broken that pause last week. Saylor wrote "A little more orange" above a chart of the company's holdings, a format he has repeatedly used prior to previous purchase disclosures. Strategy announces any Bitcoin acquisitions every Monday.

Strategy's Bitcoin stash has remained static since August. The company filed with the U.S. Securities and Exchange Commission (SEC) on September 14, revealing that it neither bought nor sold Bitcoin during the September 8-13 period. The prior week's filing showed the same inactivity over the preceding seven days. As of September 13, Strategy holds roughly 845,050 Bitcoin, having paid $63.73 billion for the position, averaging $75,412 per coin. Its last purchase, disclosed on August 31, involved 4,603 Bitcoin at a cost of $369.7 million. That transaction ended a ten-week break, and BeInCrypto had predicted the resumption a day before the announcement, citing Saylor's similar teaser posts.

Cash constraints are the limiting factor. In the week ending September 13, Strategy spent $139.3 million on preferred stock buybacks instead of Bitcoin acquisitions. This left its account balance for coin purchases at $1.30 billion. The company has also sold Bitcoin earlier this year to support its share price.

Is Bitcoin a CD in the streaming era or digital gold? Angel investor Jason Calacanis ignited this debate last Friday. He posted a one-year chart showing Bitcoin down roughly 31%, writing "the dead cat is still bouncing." The dead cat bounce refers to a temporary price recovery within a larger downtrend. Calacanis argues that Bitcoin has performed poorly in payments and smart contracts, and no longer excites the public, likening it to a CD in the streaming age. Saylor fired back, stating, "Jason, you've watched Bitcoin grow since 2011. It's now a $1.6 trillion success and the world's most valuable digital asset. 'Digital capital' is the killer app. Preserving wealth across generations is a bigger ambition than entertaining at dinner parties. Keep the orange tie."

ARK Invest founder Cathie Wood also dismissed the "dead cat" label, pointing to her firm's research on Bitcoin and artificial intelligence. Under strict market definitions, Jason's label does not hold up, as a dead cat bounce can only be confirmed after the price falls and breaks below its prior low. As of press time, Bitcoin trades at $81,292, still above the roughly $75,000 low from which it has rebounded. Jason Calacanis's argument is essentially a cultural verdict rather than a chart-based one: that Bitcoin no longer wins new use cases and has devolved into a boring store of value. This aspect remains his personal opinion, as price data cannot confirm or refute it.