Michael Saylor signals Back to Orange, hinting at a possible $1B Bitcoin buy

MicroStrategy executive chairman Michael Saylor signaled Back to Orange, a phrase tied to the firm marking completed Bitcoin purchases. According to the report, confirmations often arrive before the U.S. market opens on Monday via a Form 8-K or a press release. Even a potential $1 billion buy spread over a week would likely have limited price impact due to turnover and OTC execution.