Michael Saylor signaled another Bitcoin purchase ahead of MicroStrategy’s expected Monday update, posting his regular Sunday message on X that “The ₿eat Goes On.” The teaser followed MicroStrategy’s large buy last week, when the company added 34,164 BTC and lifted its total holdings to 815,061 BTC.
Market observers expect any new purchase to be smaller. Reports indicate MicroStrategy’s primary funding route — issuing MSTR shares to fund Bitcoin buys — slowed after share issuance paused when MSTR traded below par, at about $99.46. Because the company has historically used share sales to raise cash for BTC acquisitions, weaker share issuance can limit the size of near-term purchases.
MicroStrategy still retains around $26.7 billion in common stock capacity through its at-the-market (ATM) program, which lets it sell shares when market conditions are favorable. The company typically uses the ATM program more actively when its stock trades at a strong premium to the value of its Bitcoin holdings. A secondary, much smaller funding source—SATA (Strive Series A)—contributed only about 0.72 BTC this week.
The forthcoming update arrives amid renewed scrutiny of MicroStrategy’s Bitcoin accumulation strategy. Supporters view the approach as a long-term treasury management plan to accumulate Bitcoin. Critics warn the model relies heavily on reliable access to capital markets, and that deteriorating funding conditions could slow purchases or strain the balance sheet.
Last week’s sizable purchase showed MicroStrategy can still add large amounts of Bitcoin when funding permits. The company’s next report will indicate whether it continues that aggressive pace or shifts to a more selective accumulation strategy.