Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor hinted on Saturday that the firm could disclose fresh Bitcoin (CRYPTO: BTC) purchases in the week ahead, days after its reported sale of BTC roiled the cryptocurrency market.
Will Saylor Buy The Dip?
Saylor posted the customary accumulation chart on X, using orange circles or “dots” to pinpoint Strategy’s Bitcoin purchases.
“A good time to add more dots,” Saylor wrote, suggesting the company could buy more Bitcoin. Historically, these weekend posts have always preceded purchase disclosures on the coming Monday.
Quoting Saylor’s post, Strategy CEO Phong Le reaffirmed the company’s commitment to increasing net Bitcoin holdings and Bitcoin per share.
“Rumors otherwise are just rumors,” the CEO said.
Strategy’s Bitcoin Sale Spooks Market
Strategy’s commitment comes nearly a week after it revealed its first Bitcoin sale since 2022, puncturing the “never sell” narrative that bullish participants had relied upon.
The response was brutal, as the apex cryptocurrency tumbled below $60,000 to hit its lowest level since October 2024. The asset traded nearly 50% below its all-time high.
As of this writing, Strategy sits on unrealized losses worth over over $10 billion on its holdings. Grayscale Head of Research Zach Pandl said that the company will have a “limited ability” to accumulate more BTC at the current share prices.
Price Action: At the time of writing, BTC was exchanging hands at $62,779.31, up 1.86% in the last 24 hours, according to data from Benzinga Pro.
Strategy shares closed 6.90% lower at $120.44 on Friday. Benzinga’s Edge Stock Rankings indicate that MSTR has underperformed with a weaker price trend across short-, medium-, and long-term timeframes.
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