Strategy teases Bitcoin buy despite market backlash. In a recent tweet, Michael Saylor posted his usual weekly update on X on Sunday, hinting at another acquisition.
“We’re gonna need more charts,” Saylor wrote, adding the firm’s famous “Orange Dots” chart. For context, this graphic shows all of Strategy’s Bitcoin purchases to date.
Why Strategy teases Bitcoin buy now
The announcement immediately raised hopes that the company might announce another Bitcoin purchase when markets reopen on Monday.
This teaser comes just days after Strategy announced a relatively modest $35 million Bitcoin acquisition. Meanwhile, it also boosted its holdings in U.S. dollars by about $300 million. To pay for these transactions, the firm raised over $335 million in MSTR stock sales. However, this move also raised further investor questions on shareholder dilution.
What’s next for Strategy?
The latest rumors come at a time of greater debate about the Michael Saylor-led company’s capital structure. Specifically, Grayscale’s Head of Research Zach Pandl identified two scenarios for the Variable Rate Perpetual Stretch Preferred Stock (STRC).
“What I think happens: increase in STRC dividend of 50bp, which equates to ~$100mn higher dividend obligation for next 2yrs; probably does not help market confidence,” Pandl wrote on X.
In his view, a different approach would better reassure investors. Pandl added: “What I hope happens: sale of ≥ ~3bn3bnBTC to cover nearly all cash obligations for next 2yrs (ex one of the converts); probably would restore market confidence.”
Critics warn against selling
However, that isn’t everyone’s idea of a plan. For example, longtime Bitcoin critic Peter Schiff warned that selling any of Strategy’s holdings could prove detrimental.
“Those of you who think Saylor can solve the STRC problem by selling Bitcoin…MSTR can’t sell Bitcoin without crashing the price of Bitcoin,” Schiff cautioned. He further added that “even if Strategy merely stops buying Bitcoin, that change alone would crush the market.”
Strategy’s current position
Presently, Strategy has 847,363 BTC in its possession. This makes the company the biggest publicly traded corporate Bitcoin owner in the world.
Nevertheless, the company stirred controversy by selling off 32 BTC in May 2026. This move contradicted Saylor’s previous statement that Strategy would never sell its BTC.