Michael Saylor Confirms Bitcoin Buy Resumption After 3-Week Pause

After pausing its Bitcoin buy campaign for three weeks, Strategy's Michael Saylor is signaling it is about to resume acquisitions. Saylor took to social media today to suggest another BTC announcement could come soon, possibly Monday, given that the company generally files its 8-K on that day.

Michael Saylor To Resume Bitcoin Buying Spree On Sunday, June 7, Saylor posted the popular Bitcoin acquisition chart, writing, "A good time to add more dots." The chart, known as the "Orange Dots" chart, plots the company's Bitcoin purchase activity and has frequently preceded disclosure of new buys by market participants. The post functioned as a direct confirmation that Strategy is preparing to purchase more Bitcoin. It marks the longest stretch the company has gone without a Bitcoin purchase in recent months. Saylor's latest post follows a cryptic tweet on June 3, when he wrote "₿ack to Work," arriving just before his usual Sunday post — because even orange-dot maximalists apparently take long weekends.

The buying signal comes just after Strategy revealed an unexpected sale of a portion of its Bitcoin holdings. The company sold 32 BTC between May 26 and 31 for roughly $2.5 million, according to an SEC filing. The trades were executed at an average price of approximately $77,135 per Bitcoin. MSTR stock has continued sliding since the announcement, which is one way to stress-test the buy-and-hold thesis.

Criticism Over BTC & Sale The sale sparked conversation within the crypto industry, as Strategy has long been known for a buy-and-hold narrative around Bitcoin. Proceeds from the transaction will be used to satisfy obligations under preferred stock issuances. Further, Strategy CEO Phong Le and CFO Andrew Kang also sold over $15 million in MSTR stock last week, fueling criticism and suggestions of insider-selling motives. Filings indicate the moves were tied to tax-related commitments and not initiated for profit-taking — though that nuance did little to calm the timeline. Strategy remains the largest publicly listed corporate Bitcoin holder in the world after the sale, holding 843,706 BTC as of June 7. The company has also previously bought back $1.5 billion in convertible notes at a discount using cash. With that move, the company had paused its Bitcoin buying spree.

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