As Bitcoin dips to $78,000, Michael Saylor indicates he’s eyeing additional purchases

Strategy’s Bitcoin Buying Capacity Constrained by Weak Share Performance

Strategy’s ability to fund large Bitcoin purchases appears limited after a rough week for its common and preferred shares.

Michael Saylor, Executive Chairman of Strategy (MSTR), confirmed that the company, the largest publicly traded holder of Bitcoin, added to its holdings over the past week while BTC hovered near $78,844.

Saylor typically signals Bitcoin buys with weekend posts featuring orange dots—a cue usually followed by an official Monday announcement.

The company’s common stock fell 6% last week, closing below $150 per share, likely restricting capital raised through at-the-market (ATM) programs and limiting the scale of BTC purchases.

Meanwhile, Strategy’s perpetual preferred stock, Stretch (STRC), traded below its $100 par value all week, preventing ATM issuance tied to that instrument. The firm recently raised STRC’s dividend rate in an effort to lift its price.

Since the start of the year, Strategy has acquired roughly 40,000 BTC, bringing total holdings to around 712,647 BTC.

Bitcoin is currently trading near $78,000.