Michael Saylor may have offered a clue as to Strategy’s (MSTR) next move after last week’s bitcoin surprise. sale.
On Sunday, the company’s CEO posted the chart traditionally used to track Strategy’s bitcoin purchases on X, writing: “A good time to add more points.”
Market watchers have seen these posts as a precursor to a new acquisition, although the company has not yet officially announced any transaction and will likely broadcast any action on Monday.
Chief strategy officer Phong Le seemed to reinforce that message in a response to Saylor’s post. “Our @CorporateStrategy is to increase net Bitcoin and Bitcoin per share over time,” Le wrote. “Rumors to the contrary are just rumors.”
The messages came after the strategy came under renewed scrutiny last week. The company revealed last Monday that it had sold 32 bitcoins, worth approximately $2.5 million, its first sale since 2022. While irrelevant in relation to its treasury of more than 843,000 BTC, the transaction sparked debate because investors have long seen the strategy as one of the most consistent sources of demand for bitcoin.
Some market participants interpreted the BTC sale as a potential sign that Strategy could sell more of its bitcoin holdings to support dividend payments or shore up liquidity if market conditions deteriorate further. Those concerns have only increased as bitcoin fell below $60,000 on Friday, its weakest level since October 2024.
Adding to the attention, Friday’s SEC filings showed plans by two top executives to sell a combined $15 million worth of MSTR stock.
Chief Executive Phong Le revealed plans to sell about $11.1 million in shares, while Chief Financial Officer Andrew Kang filed to sell about $3.9 million. The transactions were linked to newly acquired stock awards.
