Saylor’s Sunday Shake-Up Signals Possible News on Monday

Michael Saylor’s “Green Dot” Tease Sparks Speculation on Strategy’s Next Move

Michael Saylor, Executive Chairman of bitcoin treasury firm Strategy (MSTR), set the crypto world abuzz this Sunday with a subtle tweak to his now-famous chart post on X.

For the past year, Saylor has posted a playful Sunday chart featuring orange dots—a signal that historically hinted at a Monday announcement of additional bitcoin (BTC) purchases. This weekend, however, the pattern shifted: the chart remained, but Saylor added a simple question, “what if we start adding green dots.”

The change has ignited speculation. Some in the bitcoin community see green dots as a potential signal for stock buybacks or balance sheet adjustments, while others wonder if it could hint at bitcoin sales.

Adding context, Strategy CEO Phong Le told a podcast audience that the company currently has no short-term refinancing risk. He noted, however, that if Strategy’s multiple to net asset value (mNAV) falls below 1, bitcoin could be sold to fund dividends on its perpetual preferred equity. Le also explained that the company can selectively sell higher-cost BTC to offset capital gains, potentially increasing bitcoin per share.

Any bitcoin sale would be notable given Saylor’s long-standing axiom: “You do not sell your Bitcoin.” Strategy, the largest publicly traded corporate holder of bitcoin with nearly 650,000 BTC, has seen its stock slump roughly 41% year-to-date and about 70% from its all-time high just over a year ago.

The stock decline has constrained Strategy’s ability to raise funds for bitcoin purchases through common stock sales. The company has leaned on preferred share issuance instead, but critics question whether it can cover preferred dividends without further diluting common stockholders—or selling some of its bitcoin holdings.

Saylor’s green dot hint, combined with Strategy’s ongoing financial maneuvers, leaves investors and the bitcoin community eagerly speculating on what’s next for the crypto giant.