Strategy halts Bitcoin buys for four weeks, MSTR trades below asset value
Michael Saylor posted a Bitcoin purchase chart for Strategy to X on Sunday, July 26, drawing significant attention with the caption, “We’re gonna need another color.” This marked his fifth such post since the company’s most recent disclosed Bitcoin buy on June 22. For several years, Saylor’s Sunday chart updates often signaled an imminent Bitcoin purchase, typically followed by an 8-K filing on Monday disclosing the acquisition. However, this pattern has weakened. For example, his June 28 post referencing more charts related instead to a revised capital framework, and a July 5 post immediately preceded Strategy’s largest-ever Bitcoin sale.