Michael Saylor Hints at New Bitcoin Purchase for Strategy After Sale
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), hinted at a new Bitcoin acquisition on Sunday by posting a familiar chart tracking the company's BTC purchases on X with the caption "A good time to add more dots." This follows Strategy's first Bitcoin sale since 2022, when it sold 32 BTC worth $2.5 million last week. The sale sparked debate among investors who view Strategy as a consistent source of Bitcoin demand. CEO Phong Le reinforced the hint by replying that the corporate strategy is to increase net Bitcoin and Bitcoin per share. The announcement comes amid Bitcoin's slump below $60,000 and concerns about liquidity. Additionally, SEC filings showed two senior executives planning to sell $15 million worth of MSTR shares.
Key facts
- Michael Saylor posted classic BTC purchase chart with 'good time to add more dots' hint.
- Strategy sold 32 BTC last week, first sale since 2022, sparking investor concern.
- CEO Phong Le confirmed strategy to increase net Bitcoin and BTC per share.
- Bitcoin price fell below $60,000, its lowest since October 2024.
- Two senior executives plan to sell $15 million worth of MSTR shares.