Bitcoin Buy or Sell? Michael Saylor Hints at Another Strategy Move

Strategy’s co-founder, Michael Saylor, has again hinted at another potential Bitcoin purchase or sale by his company. This comes as the Bitcoin treasury firm has made two consecutive BTC sales, cooling off on purchases as its preferred security trades below its par value of $100.

Michael Saylor Hints At Another Strategy Move

In an X post, Saylor posted Strategy’s Bitcoin portfolio tracker with the caption, “Orange dots tell only part of the story.” Notably, the tracker only contains the company’s BTC purchases, suggesting that Saylor was referring to the sales as the other part of the story.

Orange dots tell only part of the story. pic.twitter.com/HFZd2z7fus

— Michael Saylor (@saylor) July 12, 2026

His latest Sunday conventional post has, in the past, typically hinted at another Bitcoin purchase from the previous week. However, Saylor has posted the tracker, even after his company sold Bitcoin the previous week, which is why it could be a hint of either another purchase or a sale.

As CoinGape reported, Strategy sold 3,588 BTC between June 30 and July to fund dividend payments for its preferred securities. Those sales marked the company’s first major sales since it began buying BTC in 2020.

The last time the Bitcoin treasury firm made a BTC purchase was in the week ending June 20. Back then, the company purchased 520 BTC for $35 million. It is worth noting that Strategy currently holds 843,775 BTC, which it bought for almost $64 billion.

MSTR and STRC Still Below $100

Strategy’s common and preferred stock are still below $100 despite the company’s recent Bitcoin sales. The MSTR stock is down over 5% in the last five days, although the common stock briefly climbed above the psychological $100 level earlier last week.

Meanwhile, the STRC stock, which is designed to trade at a par value of $100, is currently over 22% dow from the $100 level, trading at around $87, according to TradingView data. The stock notably dropped to an all-time low of around $76 towards the end of last month, but has slowly recovered, with Strategy cooling off using the preferred security to make more BTC purchases.

Bitcoin critic and renowned economist Peter Schiff again criticized Saylor as he posted the latest Bitcoin portfolio tracker. “The rest of the story is how much money Strategy lost on those Bitcoin buys and how much more money shareholders will [losing] repaying debt and paying dividends to preferred shareholders,” he said.

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