Michael Saylor Sparks Speculation With New Bitcoin Chart Post

Strategy Executive Chairman Michael Saylor renewed speculation about the company’s next bitcoin move on Sunday, sharing the firm’s bitcoin acquisition chart with the caption, “We’re gonna need another color.”

Strategy’s Current Holdings

The chart showed Strategy holding 843,775 BTC acquired through 113 separate purchases since 2020, purchased for a total of $63.69 billion at an average price of $75,653 per coin. Based on current valuations, the holdings sit near $54.36 billion, reflecting an unrealized decline of roughly $9.47 billion. Saylor regularly posts versions of this chart ahead of treasury updates, leading investors to read them as possible hints of upcoming purchases, though the posts themselves confirm nothing.

Cash Reserve Grows Without New Bitcoin Buy

During the July 13-19 period, Strategy sold 2,732,318 shares for $263.5 million in net proceeds but did not purchase additional bitcoin, instead boosting its cash reserve to $3.225 billion. A July 20 SEC filing shows the company still holds authorization to sell up to $23.53 billion in additional stock, giving it flexibility to fund future purchases, cash reserves, or other needs.

Saylor continues to frame bitcoin as a long term capital asset rather than a short-term trade, previously describing corporate bitcoin adoption as “necessary, inevitable, and welcome.”