Chief Strategy Officer Michael Saylor has renewed speculation about the company’s next Bitcoin deal. In a July 12 post, he shared the strategy’s familiar takeover chart and wrote, “The orange dots tell only part of the story.“ The chart indicates previous Bitcoin purchases, but the message did not indicate whether the strategy had bought, sold, or taken no action during the most recent reporting period.
summary
- Saylor’s orange-dot post leaves Strategy’s next Bitcoin move unclear following the major corporate sell-off last week.
- The strategy sold 3,588 bitcoins for $216 million, to fund preferred profits and rebuild its dollar reserves.
- MSTR remains bearish near support, while weak momentum keeps the buy or sell question open for investors.
Saylor often posts the chart before the strategy does on Monday. Traders were treating these posts as signals for another buy. This pattern became less reliable after the company began selling Bitcoin in 2026. The latest message therefore leaves two possible readings: perhaps the strategy has resumed accumulation, or perhaps Saylor is referring to a broader capital plan that now includes selective sales.
The strategy did not confirm any transactions for the week ending July 12 Public tracker It still shows 843,775 BTC as the latest reported balance. The company generally discloses treasury activity through SEC filings, so social posts alone do not prove that trading occurred or reveal its actual direction.
The strategy’s recent sell changes the signal
The strategy revealed on July 6 that it sold 3,588 bitcoins for about $216 million between June 29 and July 5. The company sold 1,363 bitcoins at an average price of $59,256, and then sold another 2,225 bitcoins at an average price of $60,773. These transactions reduced her holdings to 843,775 BTC, which were acquired at an average price of $75,476. Details appear in the strategy Submitted July 6.
The strategy used the proceeds to fund preferred stock dividends and claw back funds taken from its dollar reserves, the filing said. This reserve reached $2.55 billion on July 5. The strategy also said its separate Bitcoin monetization program still has the potential to raise up to $1.25 billion. The company did not announce any sales of common stock or stock repurchases during the same week.
Crypto.news tracks a broader capital shift
Description of Crypto.news The disposal in July marked the end of the strategy’s simple “never sell” era. The company now treats Bitcoin as part of a larger capital structure that includes preferred stock, dividends, debt, cash reserves and potential buybacks, the report said. Strategy’s first sale in 2026 involved just 32 bitcoins, and CEO Phuong Lu later described it as a systems test.
The recent sale of 3,588 BTC had more weight because the strategy used the funds for recurring financial charges. Another report He cited Grayscale research that warned that weak STRC and MSTR prices could increase dividend pressure and reduce the strategy’s ability to fund new bitcoin purchases. Still other analysts expect the company to resume buying when market and financing conditions improve.
MSTR chart remains under pressure
MSTR closed near $94.64 after forming lower highs and lower lows since its July 2025 peak near $450. The stock remains below the $126.55 area, which is now acting as a resistance level. Its RSI is near 30.5, showing strong negative momentum and almost oversold conditions. This reading could support a short recovery but does not confirm a trend reversal.
Source: Trading View
The MACD line remains below its signal line and both are below zero, keeping the broader setup bearish. Immediate support is between $90 to $95. Penetrating below that area would weaken the structure further. A recovery will require a move above $125 to $130, followed by stronger momentum. The strategy’s next file should indicate whether Saylor’s orange dots indicate a buy, another sell, or a different movement on the balance sheet.
