Strategy (formerly MicroStrategy) is once again signaling a potential move in the Bitcoin market. A fresh update posted by Michael Saylor on X has reignited speculation that the company may be preparing another major purchase.
The post included Strategy’s latest “Bitcoin Tracker,” a graphic Saylor shares whenever the company reviews its BTC position. Each time this chart appears, markets take notice — historically, these posts have often been followed by an acquisition announcement within a day.
Key Takeaways
Strategy now holds 650,000 BTC, worth $57.67 billion.
Saylor’s new “Bitcoin Tracker” post is widely seen as a prelude to another BTC buy.
Despite Bitcoin being down 12% over the year, Strategy’s stock has fallen far more sharply at –54.69%.
This time, Saylor captioned the update with a brief message about “returning to the orange dots,” a phrase he uses internally to represent periods of active accumulation. The comment has fueled expectations that Strategy may be preparing to add to its holdings once again.
Strategy’s Bitcoin Stack Reaches 650,000 BTC
The newly published figures show the company now sitting on 650,000 BTC, valued at $57.67 billion at current market prices.
The average purchase price stands at $74,436 per coin, placing the firm’s position roughly 19.20% in profit and reflecting more than $9.29 billion in unrealized gains.
Over the years, Strategy has executed 88 separate BTC acquisitions, each time following a similar communication pattern: Saylor posts the tracker, and shortly afterward the company reveals another purchase. Traders now treat these posts as early indicators of Strategy’s buying rhythm.
A Sharp Company–Bitcoin Performance Gap
While the Bitcoin position is in the green, Strategy’s stock price tells a different story.
Over the past twelve months, the company’s shares have fallen 54.69%, significantly underperforming Bitcoin’s –12.30% decline during the same period.
The large discrepancy reflects the company’s leveraged exposure to Bitcoin. When BTC drops, Strategy tends to fall much harder — and when BTC rallies, the stock typically magnifies those gains.
Even so, Saylor has shown no intention of adjusting course. His messaging remains consistent: every market correction is simply another chance to increase the company’s long-term Bitcoin position.
