[Digital Today reporter Jinju Hong] Strategy again hinted at the possibility of additional bitcoin purchases.
On June 15 local time, blockchain media outlet CoinPost reported that Strategy Chairman Michael Saylor (마이클 세일러) uploaded a chart on X, formerly Twitter, marking the company’s past bitcoin purchase dates with orange dots and wrote, “Still adding dots.”
The post overlaps with a pattern of similar weekend posts that repeatedly appeared just before Strategy disclosed actual purchases. The market is watching the possibility that the company will disclose additional bitcoin purchases within this week.
Strategy has already resumed bitcoin buying last week. According to an SEC 8-K filing, the company bought 1,550 bitcoin from June 1 to 7 for about $101.3 million. The average purchase price was $65,332 per bitcoin.
As of June 7, Strategy’s bitcoin holdings rose to 845,246 bitcoin. The cumulative average purchase price was $75,680. The outlet reported that with the current bitcoin price below that average, the company is continuing to accumulate even while sitting on unrealised losses.
The latest buying also came after the company sold bitcoin once. Strategy disclosed that it sold 32 bitcoin from May 26 to 31. The purpose of the sale was to pay dividends on the preferred stock STRC. It was the first time in about 4 years that the company had sold bitcoin.
After it bought 1,550 bitcoin again, market sentiment also improved somewhat. Strategy quickly returned to a buying stance after the small sale, and Saylor signalled an intention to keep accumulating with the phrase “still adding dots.”
The chart Saylor posted is itself being taken by the market as a signal. The chart marks past purchase dates as dots, and Saylor kept the same format in the new post. Because the company has repeatedly made similar posts ahead of buying, more weight is being placed on the possibility of a follow-up disclosure than on the post as a simple expression of opinion.
Strategy’s moves extend what it describes as the most aggressive bitcoin holding strategy among listed companies. But what was also confirmed in this latest flow is that the company can sell some bitcoin if needed. The 32-bitcoin sale was a step to raise funds for dividends, and the company later moved to large-scale buying again.
The market’s next focus is whether Strategy will actually disclose additional purchases this week, and whether the purchase size will exceed the recent level. The most recently confirmed holding stands at 845,246 bitcoin, and Saylor’s latest post is being read as a sign that the company’s bitcoin accumulation strategy has not yet stopped.
Still adding dots. pic.twitter.com/MXVOYPUnYb