Michael Saylor may have hinted at Strategy’s (MSTR) next move after last week’s surprise bitcoin sales.
On Sunday, the company’s executive chairman published the chart traditionally used to track Strategy’s bitcoin purchases on X, writing: “A good time to add more dots.”
Market watchers have seen such posts as a precursor to a new acquisition, although the company has yet to officially announce any transaction and is likely to issue any action on Monday.
Strategy CEO Phong Le appeared to reinforce that message in a response to Saylor’s post. “Our company’s @Strategy is to increase net Bitcoin and Bitcoin per share over time,” Le wrote. “Rumors otherwise are just rumours.”
The announcements came after Strategy was under renewed scrutiny last week. The company revealed last Monday that it had sold 32 bitcoin worth about $2.5 million, its first sale since 2022. Although insignificant compared to its more than 843,000-BTC treasury, the transaction sparked debate because investors have long seen Strategy as one of bitcoin’s most consistent sources of demand.
Some market participants interpreted the BTC sale as a potential sign that Strategi could sell more of its bitcoin holdings to support dividend payments or bolster liquidity if market conditions deteriorate further. Those concerns have only grown as bitcoin fell below $60,000 on Friday, its weakest level since October 2024.
Adding to the spotlight, SEC filings on Friday revealed two executives’ plans to sell MSTR stock worth a combined $15 million.
CEO Phong Le revealed plans to sell about $11.1 million of shares, while CFO Andrew Kang requested to sell about $3.9 million. The transactions were linked to recently acquired share awards.
