‘More Orange Dots’: Michael Saylor’s Strategy Buys 10,624 Bitcoin Amid Sell-Off Concerns

Michael Saylor’s Strategy, previously MicroStrategy, has made another weekly Bitcoin purchase despite concerns that it may need to sell some of its BTC holdings in a prolonged bear market. This latest purchase comes amid a rebound in the Bitcoin price, while the MSTR stock is also up in pre-market trading.

Strategy Acquires 10,624 BTC for $962.7 Million

In a press release, the company announced that it acquired 10,624 BTC for $962.7 million at an average price of $90,615 per Bitcoin and has achieved a BTC yield of 24.7% year-to-date (YTD). It now holds 660,624 BTC, which it acquired for $49.35 billion at an average price of $74,696 per Bitcoin.

Strategy’s SEC filing shows that the company made this latest purchase with net proceeds from the sales of its MSTR and STRD stock. It raised $928.1 million and $34.9 million from these stocks, respectively.

As CoinGape reported, Saylor hinted at the BTC purchase in his conventional X post. He posted the company’s Bitcoin portfolio tracker with the caption, “₿ack to Orange Dots?”

₿ack to Orange Dots? pic.twitter.com/npB0NWSZ52

— Michael Saylor (@saylor) December 7, 2025

Strategy continues to accumulate more BTC despite concerns that it may sell at some point, considering the current market conditions. The company’s CEO, Phong Le, had previously stated that they might need to sell to fund dividend payments if the mNAV drops below 1x.

However, the company has since set up a $1.44 billion USD reserve, which Phong Le clarified means that they do not need to sell for the next three years. The USD reserve is expected to cover around 21 months of dividend and interest payments, with plans to further increase the reserves over time.

Meanwhile, Strategy’s announcement of this latest purchase comes amid a rebound in the Bitcoin price. The flagship crypto has again broken above the psychological $90,000 level.

The MSTR stock has also rebounded alongside Bitcoin. Yahoo Finance data show the stock has climbed above $180 and is trading around $182, up almost 2% from last week’s close of $178.

Saylor Receives Praise From Anthony Scaramucci

In an X post, SkyBridge founder Anthony Scaramucci described Saylor as “the man” for his company’s Bitcoin accumulation efforts. He noted that the Strategy founder built a USD backstop and then got back to selling equity to buy BTC, which further strengthens the balance sheet.

He’s the man. Builds a US dollar backstop and then gets back to selling equity to buy btc which further strengthens balance sheet. the equity sales are accretive (albeit barely) but v smart for his balance sheet — and overall btc market. really smart stuff https://t.co/nLL8oh1wko

— Anthony Scaramucci (@Scaramucci) December 8, 2025

Scaramucci also mentioned that the equity sales are accretive but very “smart” for his company’s balance sheet and the overall Bitcoin market. Notably, this latest purchase is one of the largest this year. It tops the $836 million BTC purchase it announced three weeks ago.

Strategy’s largest purchase this year came in July when it bought 21,021 BTC for $2.46 billion. The company raised the funds through its STRC offering, which at the time was the largest IPO of the year.