Michael Saylor posted “more dots would be better” on X, accompanied by a Bitcoin buy chart commonly used by Strategy, reigniting market speculation that the company will continue to increase its Bitcoin holdings. Since such posts have frequently appeared prior to company position updates, they are generally viewed by outsiders as potential signals.
Recent position changes
Company disclosures show that Strategy recently purchased 1,587 bitcoins for approximately $100 million, increasing its holdings to 846,842 bitcoins. Prior to this, the company sold 32 bitcoins, describing the transaction as a process test. This move sparked controversy, as Strategy has long positioned itself publicly as a continuous accumulator of bitcoins.
- Buy 1,587 Bitcoin
- Transaction amount of approximately $100 million
- Total open interest has risen to 846,842.
The market is paying attention to dividend pressure.
Around this small sale of 32 bitcoins, market discussions have primarily focused on whether the company may sell additional bitcoins in the future due to its preferred stock dividend arrangements. Some observers are concerned that if the company needs to raise more U.S. dollars, it could become more reliant on selling bitcoins.
Blockstream CEO Adam Back downplayed such concerns in an interview with Bloomberg, stating that this small-scale sale does not signal bearish sentiment but rather demonstrates that Strategy can incorporate Bitcoin into its treasury management toolkit. JPMorgan cautioned that companies may still need to continue accumulating U.S. dollar reserves to alleviate concerns about future Bitcoin sales driven by dividend requirements.
Saylor urges the community to reduce divisions.
According to prior reports from crypto.news, JPMorgan still expects Strategy to purchase approximately $32 billion in Bitcoin by 2026. This has kept Saylor’s latest post viewed by the market as one of the clues to the company’s next move.
In another post, Saylor also urged the Bitcoin community to focus on the bigger picture. He wrote that Bitcoin supporters should concentrate on the “99% that truly matters” and not be divided by remaining disagreements, as global capital has still not entered the Bitcoin network on a large scale.
Additional context: This statement was released as the Bitcoin community continues to discuss technical risks, long-term adoption prospects, and the potential impact of quantum computing. Saylor’s public position is that external opportunities still outweigh internal debates.