With Bitcoin trading near $69,000, MicroStrategy is sitting on an unrealized loss from its large cryptocurrency holdings, yet the company’s founder shows no sign of pulling back.
Saylor’s Orange Dot Returns
Michael Saylor posted what followers immediately recognized: the orange dot chart his company uses to signal a new round of Bitcoin buying. The post, shared on X over the weekend, came with a simple caption—“back to work”—after MicroStrategy sat out the previous week without making a single purchase. The company is expected to confirm the exact amount acquired when it releases its weekly disclosure on Monday.
MicroStrategy now holds 762,099 Bitcoin. At current prices, those coins are worth just over $51 billion. The company paid an average of $75,699 per coin, meaning the current market price leaves it down by about 11%.
Dilution Risk Shadows the Bitcoin Bet
To keep buying, MicroStrategy relies on selling shares—both common stock and preferred shares—to raise cash. Reports indicate the company still has billions of dollars in at-the-money share offerings available. One preferred share program, known as STRC, recently raised enough funds to purchase more than 1,800 Bitcoin on its own.
But the math is getting harder to ignore. MicroStrategy’s net asset value premium has slipped below 1, meaning the market is no longer valuing the stock above the worth of the Bitcoin it holds. When that premium disappears, the case for buying the stock instead of Bitcoin directly becomes harder to make.
Continued share sales chip away at existing shareholders by increasing the total number of shares in circulation. If Bitcoin were to climb back to its record high of $126,300, the company’s current stash would be worth more than $96 billion—a number that makes the dilution argument easier to accept for believers in the strategy.
Stock Chart Flashes Warning Signs
The technical picture for MSTR is grim by most standard measures. The stock traded at $1,120 at the end of last week, down from an all-time high of $1,542. It has broken below a key support level at $1,320—a floor it held as recently as March of last year.
A death cross has formed on the chart, with the 50-day moving average crossing beneath the 200-day moving average. The stock has also stayed below its Supertrend indicator since August, a pattern that signals a sustained downward trend under conventional technical analysis.
Frequently Asked Questions
FAQs Michael Saylors Tweet Bitcoin Buying Strategy
BeginnerLevel Questions
1 Who is Michael Saylor and why do people care about his Bitcoin tweets
Michael Saylor is the cofounder and Executive Chairman of MicroStrategy a business intelligence company He is one of the most prominent and vocal advocates for Bitcoin People care because his company holds more Bitcoin than any other publicly traded corporation so his comments are seen as a major signal of institutional sentiment and potential strategy
2 What did his latest tweet actually say
While the exact tweet may vary recent ones have typically been cryptic and bullish often using metaphors like digital energy or the future They dont give specific plans but strongly hint at continued aggressive accumulation of Bitcoin as a primary treasury asset
3 What does a Bitcoin buying strategy mean for a company
It means a company is using its cash reserves or raising debt to purchase and hold Bitcoin on its balance sheet instead of keeping that money in a bank They view it as a superior longterm store of value and a hedge against inflation
4 Is this good or bad for Bitcoins price
Generally its viewed as bullish Large sustained buying from a major player like MicroStrategy reduces the available supply on the market which can create upward pressure on the price if demand remains steady or increases
5 Should I buy Bitcoin because Michael Saylor is
Not necessarily Saylor and MicroStrategy have a specific highconviction longterm corporate strategy You should never invest based solely on someone elses actions Do your own research understand Bitcoins volatility and only invest what you can afford to lose
Advanced Strategic Questions
6 What might a renewed or new strategy involve
It could involve several tactics using more debt to fund purchases accelerating the buying pace utilizing Bitcoinbased financial instruments or making acquisitions paid for with Bitcoin
7 How does MicroStrategys buying affect the overall Bitcoin market
It has a dual effect 1