Michael Saylor could have provided a clue about Technique’s (MSTR) subsequent transfer after final week’s shock bitcoin sale.
On Sunday, the corporate’s govt chairman posted the chart historically used to trace Technique’s bitcoin purchases on X, writing: “A very good time so as to add extra dots.”
Market observers have considered such posts as a precursor to a brand new acquisition, though the corporate has but to formally announce any transaction and can probably broadcast any motion on Monday.
Technique CEO Phong Le appeared to strengthen that message in a reply to Saylor’s put up. “Our company @Technique is to extend web Bitcoin and Bitcoin per share over time,” Le wrote. “Rumors in any other case are simply rumors.”
The messages got here after Technique discovered itself underneath renewed scrutiny final week. The corporate disclosed final Monday that it had bought 32 bitcoin, value roughly $2.5 million, its first sale since 2022. Whereas immaterial relative to its greater than 843,000-BTC treasury, the transaction sparked debate as a result of buyers have lengthy considered Technique as considered one of bitcoin’s most constant sources of demand.
Some market participants interpreted the BTC sale as a possible signal that Technique may promote extra of its bitcoin holdings to help dividend funds or shore up liquidity if market circumstances deteriorate additional. These issues have solely grown as bitcoin slumped under $60,000 on Friday, its weakest stage since October 2024.
Including to the highlight, SEC filings on Friday confirmed two senior executives’ plans to promote a mixed $15 million value of MSTR shares.
CEO Phong Le disclosed plans to promote roughly $11.1 million of inventory, whereas CFO Andrew Kang filed to promote about $3.9 million. The transactions have been tied to not too long ago vested inventory awards.
