Michael Saylor hinted at another Bitcoin purchase in his routine Sunday post on X, writing “The ₿eat Goes On,” ahead of MicroStrategy’s expected Monday update. The message followed last week’s large acquisition, when MicroStrategy added 34,164 BTC and brought its total holdings to 815,061 BTC.
Market watchers expect any new purchase to be smaller. MicroStrategy has historically funded Bitcoin buys by issuing MSTR shares, but share issuance slowed after MSTR traded below par at about $99.46. Because equity issuance has been a primary funding route, reduced share sales can constrain near-term buy sizes.
The company still has roughly $26.7 billion in common stock capacity available under its at-the-market (ATM) program, which allows it to sell shares when market conditions are favorable. MicroStrategy typically leans on the ATM program more aggressively when its stock trades at a strong premium to the value of its Bitcoin reserves. A much smaller funding channel, SATA (Strive Series A), contributed only about 0.72 BTC this week.
The update comes amid renewed scrutiny of MicroStrategy’s accumulation strategy. Supporters describe the approach as a long-term treasury management plan to build Bitcoin exposure. Critics argue the model depends heavily on steady access to capital markets and warn that worsening funding conditions could slow purchases or strain the balance sheet.
Last week’s substantial buy demonstrated MicroStrategy can still add large amounts of BTC when funding is available. The upcoming report will show whether the company resumes that aggressive cadence or shifts to a more selective, funding-conscious accumulation strategy.
