Michael Saylor Posts Bitcoin Chart on July 12 After Strategy Sold $216M BTC

According to bitcoin.com, on July 12, Michael Saylor posted his widely followed orange-dot bitcoin accumulation chart for Strategy (Nasdaq: MSTR), a visual that historically signaled upcoming bitcoin purchases. The post comes after Strategy sold 3,588 BTC between June 29 and July 5 for $216 million to support preferred stock obligations and strengthen dollar reserves.

Strategy currently holds 843,775 BTC at an aggregate cost of $63.69 billion. Market participants traditionally interpreted new chart posts as indicators of imminent acquisitions, but the recent sale has introduced uncertainty about whether the orange dots still represent a buying signal or signal broader treasury management shifts.