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Michael Saylor never misses an opportunity to talk about his company Strategy. In his latest post on X, he once again emphasized the company’s long-term plan to continually purchase Bitcoin (BTC).
He said:
Extend the Orange Dots.
Saylor even included a chart highlighting the company’s Bitcoin purchases over several years, implying that the purchases are not over yet. For context, each orange dot on the chart represents a Bitcoin purchase made by the Strategy.
Strategy’s Bitcoin buying spree
There have been 102 acquisition events so far through mid-March 2026. The orange line shows how the Bitcoin price has moved over time, while the green dashed line shows the Strategy’s average purchase price of around $75,863.
Saylor when says “Extend the orange dots” means people should step away and look at the big picture rather than focusing on short-term price changes.
However, the Strategy currently holds 738,731 BTC, which is approximately 3.5% of Bitcoin’s total supply of 21 million coins. With Bitcoin trade The message around $73,000 suggests that the Strategy may continue to buy more Bitcoin and add more “orange dots” in the future.
Analysts are divided
It goes without saying that the company’s strategy is not based solely on spare cash. According to analyst Lark Davis, the strategy has created a financial cycle to continue buying Bitcoin.
It raises money by selling new shares or issuing convertible debt and then uses that money to buy more BTC. In simple terms, it turns its stocks into a vehicle for accumulating Bitcoin.
Davis points out this added,
This only works if Bitcoin continues to rise. This means either the biggest trade in history or the most transparent gamble ever played.
Investors seem to support this strategy, as the company’s stock MSTR has been falling recently rose It rose to around $139.67, showing confidence in its Bitcoin-focused approach.
Strategy and other Bitcoin DATs
While Strategy remains the largest institutional holder of Bitcoin, many other companies also remain the largest institutional holders of Bitcoin. beginning adopting a similar strategy.
MARA Holdings ranks second with 53,822 BTC, followed by Twenty One Capital with 43,514 BTC and Metaplanet with 35,102 BTC.
In fact, if Strategy continues to buy Bitcoin at the same pace, analysts to believe It is stated that it can hold more Bitcoin than the estimated 1.1 million BTC believed to belong to Satoshi Nakamoto as of March 2027.
However, while some people support the Strategy’s aggressive Bitcoin approach, others strongly criticize it. One of the loudest critics is Peter Schiff. argues He said the strategy was risky.
He recently noted that even after purchasing more Bitcoin at lower prices, the company was still down about 5% from its last purchase.
Fans understand Saylor’s plan
But supporters say the strategy is more complex. Finance expert Rajat Soni explains The strategy raises money by producing financial products and then uses those funds to buy more Bitcoin.
An example of this is STRC (Variable Rate Continuous Stretch Preferred Stock), which offers investors an 11.5% dividend with funds used to purchase additional BTC.
Simply put, the company leverages money from investors to expand its Bitcoin holdings. STRC investors receive stable dividends and priority claims, while MSTR shareholders benefit from Bitcoin’s potential rise.
Because of this structure, critics sometimes compare the model to a risky financial plan. But the Strategy’s goal is the same: to continue accumulating Bitcoin.
Ultimately, whether the strategy will be successful or not will depend on the long-term price of Bitcoin.
Final Summary
- Saylor’s message shows that the company is focused on savings, not short-term market fluctuations.
- While supporters call it visionary, critics warn that heavy leverage could create risks.
