Michael Saylor is signaling one other aggressive Bitcoin accumulation for Technique (previously MicroStrategy).
This alerts that the agency is down on its high-stakes treasury technique whilst its MSTR inventory falters.
On December 21, Saylor posted a cryptic picture to X captioned “Inexperienced Dots ₿eget Orange Dots,” referencing the corporate’s “SaylorTracker” portfolio visualization.
The submit continues a year-long sample Saylor has used to trace at a brand new BTC buy. Notably, such a weekend teaser is normally adopted by a Monday morning SEC submitting confirming a major acquisition.
In the meantime, a brand new buy would add to an already staggering hoard.
As of press time, Technique held 671,268 BTC—valued at roughly $50.3 billion—representing 3.2% of the full Bitcoin provide.
Nonetheless, the market has punished the inventory in 2025. MSTR shares have collapsed 43% year-to-date to commerce round $165, mirroring Bitcoin’s 30% retreat from its October peak of $126,000.
Whereas the corporate touts a “BTC Yield” of 24.9%—a proprietary metric measuring the accretion of Bitcoin per share—institutional traders are more and more centered on the looming exterior dangers relatively than inside yield metrics.
Nonetheless, essentially the most rapid menace to Saylor’s technique shouldn’t be Bitcoin’s value, however a possible regulatory reclassification.
MSCI is contemplating eradicating Technique Inc. from its international indices throughout its February evaluation. The index supplier has flagged considerations that the agency now features extra like an funding car than an working firm.
Market analysts have identified that the monetary implications of such a transfer are extreme.
JPMorgan estimates that an exclusion would set off roughly $11.6 billion in pressured promoting as passive ETFs and index-tracking funds liquidate their MSTR positions.
This mechanical promoting stress may decouple the inventory from its Bitcoin holdings, making a liquidity spiral.
In response, Technique has launched a vigorous protection.
The agency referred to as the MSCI proposal “arbitrary, discriminatory, and unworkable,” arguing that it unfairly targets digital asset corporations whereas ignoring different holding-heavy conglomerates.
“The proposal improperly injects coverage concerns into indexing. The proposal conflicts with U.S. coverage and would stifle innovation,” it argued.
