Saylor's Chart Sparks Speculation Over Strategy's Next Bitcoin Move

Strategy Inc.'s Executive Chairman Michael Saylor has sparked speculation over the company's next move regarding its massive Bitcoin holdings. In a recent post on Sunday, July 26, Saylor shared Strategy's bitcoin acquisition chart alongside the remark, 'We're gonna need another color.'

The chart showed Strategy holding 843,775 BTC acquired through 113 purchases since 2020, valued at approximately $54.36 billion with an average acquisition price of $75,653 per Bitcoin.

Strategy's holdings have resulted in an estimated unrealized decline of about $9.47 billion. Saylor frequently posts versions of this chart before the company releases treasury updates, prompting investors to treat them as possible signals of another purchase.

The latest chart came after Strategy disclosed selling $263.5 million of stock without adding BTC, increasing its U.S. dollar reserve to $3.225 billion and illustrating that the company does not automatically deploy newly raised capital into Bitcoin.

Strategy still has authorization to sell up to $23.53 billion of additional common stock under its existing at-the-market offerings, according to a July 20 regulatory filing with the U.S. Securities and Exchange Commission (SEC).