Purchase or promote? What Michael Saylor’s cryptic new tweet means for Bitcoin

All the notion of his Sunday publish about X has modified.

Michael Saylor has stirred up the X neighborhood cage as soon as once more with a cryptic publish that features a graph exhibiting the numerous BTC purchases his firm has accomplished over the previous six years and the textual content “What’s subsequent?”

Whereas many interpreted this message as one other trace that Technique had made new Bitcoin purchases, the truth of the previous few weeks tells a unique story.

What’s subsequent? pic.twitter.com/bNl0xX0obw

— Michael Saylor (@saylor) July 19, 2026

Ought to I purchase or promote subsequent?

The corporate’s co-founder and former CEO has been publishing posts like this for years. I did not pay a lot consideration to it earlier than as a result of there was all the time a giant acquisition announcement the subsequent enterprise day. Nevertheless, issues modified a number of weeks in the past when, as an alternative of bragging about its newest Bitcoin acquisition, Technique introduced its largest BTC sale to this point by disposing of over 3,500 items.

Perceptions rapidly modified. This comes only a week after the corporate launched its Digital Credit score Capital Framework to boost liquidity and long-term BTC publicity. The concept was easy. The corporate had $2.55 billion in reserves, which was sufficient to cowl 17.4 months of dividend funds. Nevertheless, the corporate wished to boost it, together with the potential of promoting as much as $1.25 billion in BTC to increase the dividend payout interval past 25 months.

Saylor printed an identical tip over the weekend, however there was no motion in Bitcoin. As an alternative, Technique elevated its US greenback reserves to $3 billion by elevating capital by a public providing of frequent inventory out there. All eyes are at the moment on the world’s largest BTC holder, with hypothesis rife as to what tomorrow’s announcement will probably be.

113 purchases

I mentioned numerous above, however the precise quantity bought is 113 (I counted slowly, I hope I am not flawed). These started round six years in the past, ramping up efforts following the 2024 US presidential election and the promise of a friendlier regulatory setting, and the corporate has since amassed 843,775 BTC.

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Regardless of the DCA technique, the corporate continues to be holding again on its main bets on Bitcoin given the worth correction of Bitcoin belongings over the previous 9 months or so. The corporate spent about $64 billion amassing hidden belongings, which at the moment are price practically $10 billion much less. Because of this the corporate’s unrealized losses quantity to roughly 15%.