Saylor’s Dots: Are We All Being Played? 🙄

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Okay, so Michael Saylor, the guy who basically bet his company on Bitcoin, posted… green dots. Like, just the thought. “What if we start adding green dots?” Honestly? It’s the kind of thing your Uncle Gary posts on Facebook after discovering a new emoji. But apparently, in crypto-land, this is a HUGE deal. 🤦‍♀️

And the timing! Just conveniently as his CEO, Phong Le, admitted they might actually, possibly, sell some of that Bitcoin if things get a little… tight. It’s like they’re doing a financial two-step. Or maybe I’m just overdramatizing. Probably not.

Decoding the Green Dot Situation

So, Saylor shared this chart – a lot of orange dots, some dotted green lines, looking like a very expensive connect-the-dots project on X. Those orange dots? Those are the 649,870 Bitcoins they’ve bought since 2020, totaling a breezy $59.45 billion. And the green line? Well, that’s what everyone’s losing sleep over. A symbol of something? Probably.

What if we start adding green dots?

– Michael Saylor (@saylor) November 30, 2025

Naturally, the crypto hive mind went wild. “More Bitcoin!” everyone screamed. One analyst, bless their heart, pointed out MicroStrategy has, you know, money. And belief. And a decent Net Asset Value. But others suggested maybe, just maybe, they’re considering a stock buyback. Or rearranging the furniture. It’s crypto, anything is possible.

Look, Saylor’s always been a bit of a Twitter sphinx. Is he dropping hints? Is he just messing with us for the engagement? Honestly, who can tell? But the timing and the little admission from Le, suggest something’s definitely brewing. It’s not just trolling, apparently.

Okay, They Might Sell Bitcoin. Maybe.

Here’s the kicker: MicroStrategy’s new policy is basically “We’ll try really hard not to sell Bitcoin, but if we absolutely have to, we absolutely will”. This is a departure from their previous “to the moon or bust” vibe. They’ll only sell if their stock dips below a certain value and they can’t borrow more money. Which is… concerning.

People don’t realize how big this is:

1. Strategy has capital

2. conviction is unchanged

3. NAV is strong

4. cash flow supports buys

5. demand could spike

“A Saylor signal is never random.”

– George (@ScrewiexD) November 30, 2025

This “Modified Net Asset Value” thing is key. As of November 30th, they were pretty close to the danger zone. If it dips too low? Time to sell the Bitcoin to pay the bills. Bridal showers, quarterly dividends, you know. Adulting.

They funded all this Bitcoin buying with some fancy preferred stock. Which has, ahem, ongoing obligations. Adding a little extra stress to the whole equation. They’re basically betting on the market staying enthusiastic about funding their Bitcoin habit. Risky!

It’s now basically a leveraged Bitcoin ETF. Good times when Bitcoin goes up, a bit of a panic when it goes down. Thrilling!

The Price of Conviction (and Green Dots)

The Bitcoin price has been doing its usual wavy thing. MicroStrategy’s portfolio was up $11.08 billion as of November 30th, which sounds nice. But… their stock hasn’t followed suit. It’s down more than 60%. So, you know, gains and shareholder value aren’t exactly in alignment. Awkward.

green dots = more btc acquisitions. microstrategy proved treasury strategy works in bull markets. real test is holding through -80% drawdowns without forced liquidation. conviction has a price denominated in shareholder patience

– JoĂŁo Alcantara (@joaonalcantara) November 30, 2025

One person on X pointed this out – the real test is if they can survive a massive Bitcoin crash without having to sell everything to stay afloat. Which, honestly, is a very good point. It’s easy to be bullish when things are going up. Holding on when it’s all crashing down? That’s where the real conviction is tested.

As of October 26, 2025, they held about 640,808 bitcoins, bought for $47.4 billion. And they kept buying, even with the volatility! Someone’s determined. Even if I suspect it’s mostly for the Twitter engagement.

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2025-12-01 03:47