A tweet. Two words. That's all it took for Michael Saylor to get the crypto market talking. On April 5, 2026, the boss of Strategy relaunched his usual signal on X. A discreet gesture, but very meaningful for investors in bitcoin.
In brief
- Michael Saylor published his “orange dot” signal on April 5, 2026, reigniting expectations of a new massive purchase of bitcoin.
- Strategy owns 762,099 bitcoin, valued at over $50.9 billion. Making it the largest BTC treasury of a publicly traded company.
- An 8-K filing with the SEC confirms that between March 23 and 29, 2026, Strategy neither sold shares nor purchased bitcoin.
Saylor’s “orange dot”: the bitcoin signal that the entire crypto market is watching
Since 2020, Michael Saylor has regularly published a graph on buy bitcoin performed by Strategy. For some crypto investors, this routine has become code. Others even consider it a reliable indicator of an imminent BTC acquisition.
On April 5, this signal reappeared after a week of absence. The message posted by Saylor was brief:
Back to Work
The graphic accompanying the tweet displayed the full bitcoin reserve of the company: 762,099 BTC, valued at more than $50.9 billion. Each orange dot represents a past purchase, against the backdrop of regular accumulation cycles over the past six years. The return of this format immediately reignited speculation about a new purchase.
For many crypto analyses, this signal is one of the most reliable in the institutional crypto market. It historically preceded each big bitcoin accumulation announcement by Strategy. This time should therefore be no exception.
A pause confirmed by the SEC, an unchanged bitcoin strategy
Before the return of the “orange dot”, Strategy had unofficially paused its purchases. A 8-K filing transmitted to the SEC confirmed it unambiguously: between March 23 and 29, 2026, the firm had neither sold MSTR shares nor acquired bitcoin.
This interruption in the accumulation cycle had surprised. For months, Strategy had been buying back BTC almost every week. Its model is in fact based on a double lever:
- the ATM share issuance program and the STRC;
- a preferred share with an annualized dividend of 11.5%.
This last instrument alone financed purchasing 50,792 BTC since launch.
The company's average purchase price is around $75,894 per bitcoin. In a bearish market context, the position displays an unrealized loss. But Saylor never changed his long-term belief. He recalled it himself:
Bitcoin won. BTC is global digital capital. Bank capital flows will now determine its trajectory.
For institutional investors who follow MSTR stock on Nasdaqthe return of this signal is an event to monitor closely. The next regulatory filing with the SEC will say whether a purchase took place this week.
In any case, if history repeats itself, a new massive purchase of bitcoin by Strategy could soon be made official. In a crypto market under pressure, this announcement would weigh heavily for all digital assets. To be continued…
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