MicroStrategy executive chairman Michael Saylor ignited market speculation on July 20, 2025, by posting his signature orange-dot Bitcoin accumulation chart on social media alongside the phrase "Stay Humble. Stack Sats." This pattern has historically preceded the company's official BTC purchase disclosures, with the latest chart showing MicroStrategy's holdings valued at over $70.9 billion.
The post comes after a similar teaser earlier in July that didn't result in an acquisition announcement, breaking the company's established pattern. MicroStrategy currently holds 601,550 BTC acquired at an average price of $71,269 per coin, representing a 65% unrealized gain. Bitcoin now constitutes nearly 60% of the company's $119 billion market capitalization, with a NAV premium of 1.67x.
Market participants are closely watching for a potential SEC filing within 24 hours, as MicroStrategy has recently financed Bitcoin purchases through preferred equity sales rather than common stock offerings to minimize shareholder dilution. The company's consistent accumulation strategy reinforces Bitcoin's position as its sole treasury reserve asset, with historical data showing these announcements often precede BTC price rallies.