Michael Saylor could have supplied a clue about Strategy’s (MSTR) subsequent transfer after final week’s shock bitcoin sale.
On Sunday, the corporate’s government chairman posted the chart historically used to trace Strategy’s bitcoin purchases on X, writing: “A good time to add more dots.”
Market observers have considered such posts as a precursor to a brand new acquisition, though the corporate has but to formally announce any transaction and can possible broadcast any motion on Monday.
Strategy CEO Phong Le appeared to strengthen that message in a reply to Saylor’s put up. “Our corporate @Strategy is to increase net Bitcoin and Bitcoin per share over time,” Le wrote. “Rumors otherwise are just rumors.”
The messages got here after Strategy discovered itself beneath renewed scrutiny final week. The corporate disclosed final Monday that it had offered 32 bitcoin, value roughly $2.5 million, its first sale since 2022. Whereas immaterial relative to its greater than 843,000-BTC treasury, the transaction sparked debate as a result of buyers have lengthy considered Strategy as one in all bitcoin’s most constant sources of demand.
Some market individuals interpreted the BTC sale as a possible signal that Strategy might promote extra of its bitcoin holdings to help dividend funds or shore up liquidity if market situations deteriorate additional. These considerations have solely grown as bitcoin slumped beneath $60,000 on Friday, its weakest stage since October 2024.
Including to the highlight, SEC filings on Friday confirmed two senior executives’ plans to promote a mixed $15 million value of MSTR shares.
CEO Phong Le disclosed plans to promote roughly $11.1 million of inventory, whereas CFO Andrew Kang filed to promote about $3.9 million. The transactions have been tied to just lately vested inventory awards.
