Michael Saylor’s recent post has stirred fresh buy speculation around Strategy’s Bitcoin holdings. He shared a portfolio chart and wrote, “What if we start adding green dots?” — a line that many investors read as a nudge toward new purchases. According to the chart, Strategy’s Bitcoin stash is valued at close to $60 billion, reflecting a total of 649,870 Bitcoins acquired across 87 distinct buys.

Saylor’s Comment Spurs Market Talk

The company’s tracker shows each past purchase as an orange dot. The idea of green dots implies new markers — new buys — could appear if Strategy chooses to add more Bitcoin. That signal comes at a time when volatility has returned to crypto markets, making any hint of institutional accumulation a headline-worthy event.

CEO Lays Out When Sales Might Happen

According to Strategy’s CEO Phong Le, selling would be a last resort. Le told listeners on a podcast that the firm will only sell its Bitcoin in extreme conditions — chiefly if market values drop below net asset value (NAV) and fresh capital cannot be raised.

What if we start adding green dots? pic.twitter.com/a19bD33KzD

— Michael Saylor (@saylor) November 30, 2025

Reports indicate the company expects to meet yearly preferred-share dividend obligations of about $750 million to $800 million by raising capital when its stock trades above NAV. Le said this approach lets the firm keep building its holdings while meeting payouts.

Debt And Dividend Plans Remain Front And Center

Based on company materials, the firm says it can maintain dividends even in stress. Strategy recently rolled out a BTC Credit dashboard aimed at giving investors clearer visibility into how the company can service its liabilities over the long term.

Company figures show the average purchase price sits near $74,000. The dashboard suggests that, according to the firm’s math, dividend payments could be sustained for decades even if Bitcoin traded around the firm’s average cost.

Market Slide Tests Confidence

After touching highs above $126,000 in October, Bitcoin fell sharply and dropped below $86,000 in early Asian trading on December 1, sliding as much as 6% in a single session.

BREAKING: Bitcoin falls -$4,000 in 2 hours as mass liquidations return.

$400 million worth of levered longs have been liquidated over the last 60 minutes. pic.twitter.com/qKB7MYJapu

— The Kobeissi Letter (@KobeissiLetter) December 1, 2025

Other tokens moved lower too — Ethereum slipped more than 7% to about $2,800 during the same period. Analysts link the sell-off to a broader “risk-off” mood, with jitters around inflation and central bank policy weighing on risky assets.

Strategy’s Positioning Amid The Pullback

Strategy said it had faced pressure earlier when Bitcoin traded near $90,000, a stretch that briefly put its Nasdaq-100 membership at risk. Even so, company leaders continue to stress a long-term approach to holding Bitcoin.

The recent public hint from Saylor and Le’s comments on selling policies together signal that Strategy is keeping the door open to buy on dips, while also setting clear lines about when selling would be considered.

The coming weeks will test whether those green dots appear on the company’s tracker and whether market conditions give large holders the chance to add to their positions.

Featured image from Unsplash, chart from TradingView

Bitcoin slid sharply on Sunday after failing to push above a key ceiling near $91,000, dropping almost 6% in a matter of hours and touching $85,800 on Coingecko. The sell-off came after the market posted a positive weekly close — the first after a run of four losing weeks — which briefly looked like a turning point before the rapid move lower.

Liquidations And Trader Losses

Based on CoinGlass data, more than 180,000 traders were wiped out in the last 24 hours, with total liquidations hitting close to $540 million. Almost 90% of that value came from long bets, concentrated in Bitcoin and Ether.

Reports have disclosed that a sudden surge of selling volume triggered a chain reaction, where forced exits multiplied the price fall as margin positions were closed.

Some market commentators pointed to technical quirks as well. The CME gap that traders watch had been filled, and analysts said roughly $400 million of long positions were taken already, adding that downside liquidity was cleared first — a move he described as a useful clean-up for the market.

Crypto’s liquidity issue:

As seen countless times this year, Friday night and Sunday night often come with LARGE crypto moves.

Just now, we saw Bitcoin fall -$4,000 in a matter of minutes without ANY news at all.

Why? Liquidity is thin.

Then, add this to the fact that… https://t.co/BTRNPV8Y5a

— The Kobeissi Letter (@KobeissiLetter) December 1, 2025

The Kobeissi Letter noted the slide arrived without an obvious news trigger and said the pattern has been repeated many times this year, especially around late Friday and Sunday trading windows.

Macro Signals And Volatility

The broader backdrop also weighed on sentiment. Investors are watching possible shifts in Federal Reserve policy, and the prospect of higher interest rates tends to pressure risk assets like Bitcoin.

The token’s intraday range showed a low of $85,400 and a high of $90,600, highlighting how quickly prices are swinging. Average True Range (ATR) sits at 4,423, a sign of elevated day-to-day volatility, while the Relative Strength Index (RSI) is a little over 38, moving toward oversold readings.

November proved rough. Reports show Bitcoin ended the month down 18%, its worst November since 2018, when prices fell 35% that same month.

Still, the asset has gained 10% year-to-date, giving some traders faith that recent weakness is more mechanical than fundamental.

Market Voices And What They Say

According to CoinGlass and analysts quoted online, the majority of recent liquidations were long positions — a factor that magnified the drop.

Kobeissi argued this episode was structural, tied to crowded positions being unwound, and explicitly stated they did not view it as a fundamental decline. Some analysts remained upbeat, calling the move a positive reset for the month. On social platforms, debate is active about whether this shakeout clears the way for fresh accumulation.

Binance’s CEO Richard Teng has urged diversification during whipping markets, a reminder echoed across trading desks. Policymakers remain the key macro variable: a hawkish Fed tone could extend selling pressure, while a more dovish stance might steady prices.

Traders will watch liquidity levels, open interest, and whether large long squeezes subside, because those factors are likely to dictate near-term direction.

Featured image from Pexels, chart from TradingView