Michael Saylor, Executive Chairman of MicroStrategy, posted “Back to Work” on X on Wednesday, June 3, breaking his usual Sunday posting schedule and omitting his standard Bitcoin performance chart. The deviation has prompted speculation about a potential Bitcoin purchase.
Saylor typically posts on Sundays and includes MicroStrategy’s Bitcoin performance tracker, the “Orange Dots” chart. The Wednesday post on June 3 departed from both conventions, arriving a day after MSTR shares dropped more than 9 percent on June 2. Over the past month, MSTR shares have declined 25 percent.
The timing comes after MicroStrategy sold 32 BTC between May 26 and May 31 at an average price of $77,135 per coin, generating approximately $2.5 million in proceeds. The sale marked the company’s first Bitcoin sale in years. MicroStrategy also raised $128 million through MSTR share sales during the same period, with proceeds expected to cover preferred stock obligations.
MicroStrategy holds 843,706 BTC, valued at approximately $56 billion at Bitcoin’s current trading price of $66,631. The company is the largest corporate holder of Bitcoin in the world.
Recent blockchain activity has added to purchase speculation. Watchers spotted MicroStrategy moving Bitcoin to Coinbase Prime, a cryptocurrency exchange service, though the company did not disclose the reason for the transfer or its implications.
MicroStrategy previously paused its Bitcoin buying streak after repurchasing $1.5 billion in convertible notes at a discount. The company maintains $900 million sitting in its USD reserve account.
The deviation from Saylor’s posting routine has become a closely watched signal among Bitcoin investors and analysts tracking the company’s acquisition strategy. However, no official announcement regarding a purchase has been made.
