Strategy Inc. Executive Chairman Michael Saylor posted the company's bitcoin acquisition chart on July 26 with the message 'We're gonna need another color,' renewing speculation about another purchase. Strategy holds 843,775 BTC purchased for $63.69 billion according to its latest regulatory filing. Saylor frequently posts chart versions before Strategy releases treasury updates, prompting investors to treat them as possible signals of another purchase, though the posts do not confirm acquisitions. The latest post came after Strategy disclosed selling $263.5 million of stock without adding bitcoin.
Strategy Holds 843,775 BTC With $9.47 Billion Unrealized Decline
The chart Saylor shared on July 26 included orange markers representing Strategy's purchases since 2020. The chart showed Strategy holding 843,775 BTC acquired through 113 purchases. The holdings were valued at approximately $54.36 billion with an average acquisition price of $75,653 per bitcoin. The chart estimated an unrealized decline of about $9.47 billion.
Strategy Sells $263.5 Million Stock Without Bitcoin Purchase During July 13-19
During the July 13-19 reporting period, Strategy sold 2,732,318 MSTR shares for $263.5 million in net proceeds but did not purchase bitcoin. The proceeds increased Strategy's U.S. dollar reserve to $3.225 billion. The company still has authorization to sell up to $23.53 billion of additional common stock under its existing at-the-market offerings, according to a July 20 regulatory filing with the U.S. Securities and Exchange Commission. The $23.53 billion represents remaining issuance capacity rather than cash already raised.
Strategy previously said its cash reserve provided more than 20 months of dividend coverage after reaching $3 billion. The increase to $3.225 billion extended coverage to approximately 1.8 years. The company also estimated that the market value of its bitcoin holdings represented 31 years of preferred-stock dividend coverage.
Saylor Describes Bitcoin as Global Digital Capital Asset
Saylor has consistently described BTC as a long-term capital asset rather than a short-term trade. In his bitcoin forecast through 2036, he argued that BTC could become a global digital capital asset used for reserves, collateral, and financial products. He has also called corporate bitcoin adoption 'necessary, inevitable, and welcome,' saying corporations provide the scale and continuity needed to expand BTC's role in global finance.
FAQ
What did Michael Saylor post on July 26?
Michael Saylor posted Strategy's bitcoin acquisition chart on July 26 with the message 'We're gonna need another color.' The chart showed 843,775 BTC acquired through 113 purchases since 2020, valued at approximately $54.36 billion with an average acquisition price of $75,653 per bitcoin.
How much stock did Strategy sell during July 13-19 and did the company buy bitcoin?
Strategy sold 2,732,318 MSTR shares for $263.5 million in net proceeds during the July 13-19 reporting period but did not purchase bitcoin. The proceeds increased the company's U.S. dollar reserve to $3.225 billion.
How much additional stock can Strategy sell under existing authorizations?
Strategy has authorization to sell up to $23.53 billion of additional common stock under its existing at-the-market offerings, according to a July 20 regulatory filing with the SEC. The $23.53 billion represents remaining issuance capacity rather than cash already raised.
