Saylor Teases Another Bitcoin Buy as Strategy Continues Acquisition Spree

Michael Saylor has hinted that Strategy may be buying more Bitcoin this week. He shared a cryptic post on social media, sparking speculation about the company continuing its BTC acquisition spree.

The 'Orange Dots' chart, which shows the number of Bitcoin purchases made by Strategy over the years, was shared by Saylor with the caption 'Still adding dots.' This phrase is commonly interpreted by crypto traders as an indicator of new BTC buys. The chart has accompanied this caption on several occasions ahead of official buying announcements.

This update follows Strategy's latest announcement of a $101 million BTC acquisition a week ago, where it acquired 85,256 BTC at an average price of $65,332 per Bitcoin amid the market's pullback. Ahead of this purchase, Saylor had shared the 'Orange Dots' post.

There is increasing talk about whether Strategy may have to sell some of its BTC holdings under financial stress. In an interview with crypto analyst Scott Melker, Strategy's CEO Phong Le discussed the company's preferred stock commitments and convertible debt. He noted that selling Bitcoin would be an 'edge case' scenario.