Michael Saylor Sparks Speculation of New Bitcoin Purchases by Strategy

Michael Saylor has sparked new excitement in the crypto market after hinting that Strategy may soon buy more Bitcoin.

He shared a chart of the company’s growing BTC holdings and asked, “What if we start adding green dots?”, suggesting another possible purchase. The tease quickly caught the attention of traders and analysts, as Strategy has a history of turning such hints into big buys that often lift market confidence.

The chart shows that Strategy’s Bitcoin portfolio is worth approximately $59 billion, with 649,870 Bitcoins bought in 87 purchases. Each purchase is marked as an orange dot, and Saylor’s mention of green dots hints at possible new buys.

The timing of Saylor’s tease is notable, as Strategy is operating in a challenging financial environment. Despite this, the company recently confirmed it will continue buying Bitcoin no matter the market conditions.

Strategy Demonstrates Financial Strength Amid Market Pressure

Strategy recently launched a Bitcoin dashboard to give investors a clear view of its holdings. Based on the dashboard, the company can continue paying off dividends for many years even if Bitcoin trades at the firm’s average purchase price, which is around $74,000.

The company currently faces an annual dividend obligation of about $750 – $800 million, which it plans to pay using money raised when its stock trades above its net asset value.

Strategy is also confident it can manage its debt even if Bitcoin’s price falls to $25,000, suggesting the company could continue buying more Bitcoin, especially when market conditions are stable.

This financial strength comes after a period of market pressure. For example, Strategy was at risk of being removed from the Nasdaq-100 index when Bitcoin’s price fell to around $90,000 during the recent crypto crash.

Phong Le Says Strategy will Only Sell Bitcoin in Extreme Market Conditions

Speaking in a podcast interview, Strategy’s CEO Phong Le noted that the company will only sell its Bitcoin if the market becomes extremely unfavourable, which would only happen if its stock value drops below net asset value and no new funding is available.

According to Le, the Strategy plans to raise capital when its stock trades above its net asset value and use the money to purchase more Bitcoin.

This aligns with Saylor’s long-term Bitcoin plan, as he noted that selling would only make sense if the company couldn’t secure funding and issuing new shares became too costly.

Meanwhile, the Bitcoin price is trading at $86,568, a 4% drop in the last 24hours with a 40% daily trading volume drop to $52 billion.