Strategy Executive Chairman Michael Saylor has renewed speculation about the company’s next Bitcoin transaction. In a July 12 post, he shared Strategy’s familiar acquisition chart and wrote, “Orange dots tell only part of the story.” The chart marks past Bitcoin purchases, but the message did not say whether Strategy had bought, sold, or taken no action during the latest reporting period.
Summary
- Saylor’s orange-dot post leaves Strategy’s next Bitcoin move unclear after last week’s major corporate sale.
- Strategy sold 3,588 BTC for $216 million, funding preferred dividends and rebuilding its dollar reserve.
- MSTR remains bearish near support, while weak momentum keeps the buy-or-sell question open for investors.
Saylor has often posted the chart before Strategy publishes a Monday filing. Traders once treated those posts as signals of another purchase. That pattern became less reliable after the company began selling Bitcoin in 2026. The latest message therefore leaves two possible readings: Strategy may have resumed accumulation, or Saylor may be pointing to a wider capital plan that now includes selective sales.
Strategy has not confirmed any transaction for the week ending July 12. Its public tracker still shows 843,775 BTC as the latest reported balance. The company generally discloses treasury activity through SEC filings, so social posts alone do not establish that a trade occurred or reveal its actual direction.
Strategy’s recent sale changes the signal
Strategy disclosed on July 6 that it sold 3,588 BTC for about $216 million between June 29 and July 5. The company sold 1,363 BTC at an average price of $59,256, then sold another 2,225 BTC at an average price of $60,773. The transactions reduced its holdings to 843,775 BTC, acquired for an average price of $75,476. The details appear in Strategy’s July 6 filing.
The filing said Strategy used the proceeds to fund preferred stock distributions and restore money taken from its dollar reserve. That reserve stood at $2.55 billion on July 5. Strategy also said its separate Bitcoin monetization program still had capacity to raise up to $1.25 billion. The company reported no common stock sales or share repurchases during the same week.
Crypto.news tracks a broader capital shift
Crypto.news described the July disposal as the end of Strategy’s simple “never sell” era. The report said the company now treats Bitcoin as part of a larger capital structure that includes preferred shares, dividends, debt, cash reserves, and possible buybacks. Strategy’s first 2026 sale involved only 32 BTC and was later described by chief executive Phong Le as a systems test.
The later 3,588 BTC sale carried more weight because Strategy used the funds for recurring financial duties. Another report cited Grayscale research warning that weak STRC and MSTR prices could raise dividend pressure and reduce Strategy’s ability to finance fresh Bitcoin purchases. Other analysts still expect the company to resume buying when market and funding conditions improve.
MSTR chart remains under pressure
MSTR closed near $94.64 after forming lower highs and lower lows since its July 2025 peak near $450. The stock remains below the $126.55 area, which now acts as resistance. Its relative strength index sits near 30.5, showing strong negative momentum and near-oversold conditions. That reading can support a short rebound but does not confirm a trend reversal.
Source: TradingView
The MACD line remains below its signal line and both sit under zero, keeping the broader setup bearish. Immediate support lies around $90 to $95. A break below that area would weaken the structure further. Recovery would require a move above $125 to $130, followed by stronger momentum. Strategy’s next filing should clarify whether Saylor’s orange dots marked a purchase, another sale, or a different balance-sheet move.
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