Still Adding Dots: Saylor Puts Bitcoin Bulls on Strategy Buy Watch

Saylor’s Familiar Bitcoin Chart Revives Focus on Strategy’s Next Move

Optimism around another Strategy Inc. (Nasdaq: MSTR) bitcoin purchase grew after Executive Chairman Michael Saylor posted the familiar orange-dot chart that has often preceded the company’s BTC accumulation updates. With Strategy coming off its first BTC sale since 2022 and a larger follow-up purchase, the post revived speculation that another acquisition could be disclosed on Monday.

“Still adding dots,” Saylor wrote. Strategy’s latest dashboard showed 845,256 BTC accumulated across 111 purchase events, with its bitcoin reserve valued near $54.36 billion. The display also listed an average BTC purchase price of $75,682, above the current BTC price of $64,329.

Market attention sharpened after Strategy reversed a rare BTC sale with a much larger buy. The company sold 32 BTC to fund preferred stock dividends, then bought 1,550 BTC for about $101 million one week later, increasing its holdings to 845,256 BTC.

The 32 BTC transaction stood out because it was Strategy’s first reported bitcoin sale since 2022. The subsequent purchase was more than 48 times larger than the amount sold, returning the focus to the company’s long-running accumulation strategy and treasury holdings.

SpaceX IPO Adds Fresh Context to Saylor’s Bitcoin Message

Saylor also linked bitcoin to SpaceX’s market debut in a separate June 13 X post after Elon Musk’s company entered public markets. The IPO reportedly attracted more than $350 billion in investor demand for a planned $75 billion offering, valued SpaceX around $2.1 trillion, and prompted Saylor to connect the listing with bitcoin ownership among the Mag8.

Saylor wrote:

“Congratulations Elon Musk and $SPCX on a historic IPO. Thanks to you, 25% of the Mag8 now holds bitcoin on the balance sheet.”

Strategy’s preferred stock structure remained part of the backdrop to the recent treasury activity. Shareholders approved moving STRC dividend payments from monthly to semi-monthly, with the first record date set for June 30. Chief Executive Phong Le said the change was intended to improve liquidity and reinvestment flexibility for holders.