Michael Saylor has signalled a potential new Bitcoin purchase despite a sharp decline in Strategy’s share price.
The move comes as MSTR stock has fallen roughly 43% since the start of 2025 amid broader market volatility.
Saylor posted a cryptic message on social media on December 21, often interpreted by investors as a precursor to a Bitcoin acquisition.
The message referenced a familiar visual pattern that has previously preceded official filings confirming large purchases.
This communication style has become a recurring signal for Strategy’s ongoing accumulation strategy.
The timing has raised questions as Strategy faces mounting pressure from both markets and regulators.
MSCI is reportedly considering removing Strategy from its global indices.
The index provider is said to be reviewing whether the firm functions more like an investment vehicle than an operating business.
Such a decision could further weaken demand for MSTR shares among institutional investors.
Strategy currently holds 671,268 Bitcoin, representing about 3.2% of the total supply.
The company has continued to buy Bitcoin even as prices have retreated from recent highs.
Bitcoin has fallen around 30% from its October 2025 peak, contributing to Strategy’s declining market valuation.
Strategy’s modified net asset value ratio is hovering near 0.93.
Analysts say the ratio approaching 1 represents a critical threshold for the firm’s capital structure.
A further 15% to 20% drop in Bitcoin could force Strategy to consider selling part of its holdings.
The company has stated it would only sell Bitcoin if capital markets access dries up entirely.
Strategy has recently raised funds through share issuances to finance additional purchases.
These issuances have fuelled concerns about shareholder dilution.
Earlier in December, the company acquired more than 10,000 Bitcoin in a single transaction.
Strategy has also set aside over $1 billion in reserves to avoid forced liquidation.
Supporters view the approach as a long-term conviction strategy.
Critics argue it amplifies risk during prolonged downturns.
Investors remain divided over whether continued accumulation strengthens or destabilises the firm.
Market watchers say the next Bitcoin price move could prove decisive.
At the time of reporting, Bitcoin price was $89,066.67.