Michael Saylor’s recent post has fueled new buying speculation around Strategy’s Bitcoin holdings. He shared a portfolio chart and wrote: “What if we add green dots?” – a line that many investors read as a push towards new purchases. According to the graph, Strategy Bitcoin stock is valued at almost $60 billion, representing a total of 649,870 Bitcoins acquired through 87 different purchases.
Related reading
Saylor’s comments fuel market talk
The company’s tracker shows every previous purchase as an orange dot. The idea of green dots implies that new marks – new purchases – could appear if Strategy chooses to add more Bitcoin. That signal comes at a time when volatility has returned to the crypto markets, making any hint of institutional accumulation a headline-grabbing event.
CEO explains when sales could take place
According to Strategy CEO Phong Le, selling would be a last resort. Le told listeners on a podcast that the company will only sell its Bitcoin under extreme circumstances – especially if market values fall below net asset value (NAV) and new capital cannot be raised.
What if we add green dots? pic.twitter.com/a19bD33KzD
— Michael Saylor (@saylor) November 30, 2025
Reports indicate that the company expects to meet annual dividend obligations on preferred stock of approximately $750 million to $800 million by raising capital when the shares trade above NAV. Le said this approach allows the company to continue building its holdings while meeting payouts.
Debt and dividend plans remain the focus
Based on company data, the company says it can maintain dividends even in times of stress. Strategy recently introduced a BTC Credit dashboard that should give investors a clearer understanding of how the company can meet its long-term obligations.
Company figures show the average purchase price is almost $74,000. The dashboard suggests that, according to the company’s calculations, dividend payments could be sustained for decades even if Bitcoin traded around the company’s average cost.
Market decline tests confidence
After reaching highs above $126,000 in October, Bitcoin fell sharply and fell below $86,000 in early trading in Asia on December 1, dropping as much as 6% in one session.
BREAKING: Bitcoin Drops -$4,000 in 2 Hours as Mass Liquidations Return.
$400 million worth of levered longs have been liquidated in the last 60 minutes. pic.twitter.com/qKB7MYJapu
— The Kobeissi Letter (@KobeissiLetter) December 1, 2025
Other tokens also fell lower: Ethereum fell more than 7% to around $2,800 over the same period. Analysts link the sell-off to a broader picture ‘risk-off’ moodwith jitters around inflation and central bank policies weighing on risky assets.
Related reading
The positioning of the strategy amid the pullback
Strategy said it was previously under pressure when Bitcoin was near $90,000, a period that briefly threatened its Nasdaq-100 membership. Still, business leaders continue to emphasize a long-term approach to Bitcoin ownership.
The recent public hint from Saylor and Le’s comments about the selling policy together indicate that Strategy is keeping the door open to buying on dips, while also setting clear boundaries on when selling would be considered.
Over the coming weeks, we’ll test whether those green dots appear on the company’s tracker and whether market conditions give big investors the opportunity to add to their positions.
Featured image from Unsplash, chart from TradingView