Michael Saylor Signals More Bitcoin Buys as Strategy Clears Legal Hurdle

Michael Saylor, co-founder and executive chairman of Strategy (formerly MicroStrategy), has hinted that the company may continue its aggressive Bitcoin acquisition program just as a major legal obstacle was removed.

On August 31, Saylor shared a chart from “Saylor Tracker,” an independent site that monitors the company’s holdings. The chart, marked with clusters of orange dots showing Strategy’s purchase history, was captioned simply:“Bitcoin is still on sale.”For long-time followers, the message was unmistakable—Saylor has often used such cues to foreshadow new purchase announcements.

The company has already disclosed three consecutive weeks of Bitcoin purchases, filing updates every Monday. Last week’s disclosure confirmed that Strategy acquired 3,081 BTC for approximately $356.87 million, paying an average of $115,829 per coin. This brought the firm’s total holdings to 632,457 BTC, valued at nearly $68.6 billion.

Strategy’s unprecedented buying spree has been fueled largely by equity markets. In 2025 alone, the company has raised $5.6 billion through IPO offerings—accounting for roughly 12% of all U.S. listings this year. Despite such aggressive capital raising, the firm’s stock (traded under MSTR) has consistently outperformed the so-called “Magnificent Seven” tech giants, underlining investor confidence in its Bitcoin-centered strategy.

Saylor’s signal coincided with another milestone: the dismissal of a class-action lawsuit filed in May. The case alleged that Strategy misled investors by overstating the benefits of adopting fair value accounting for digital assets, a method that allows quarterly mark-to-market reporting.

Bloomberg reported that the plaintiffs voluntarily dismissed the suitwith prejudice, meaning the claims cannot be refiled. This outcome not only lifts a potential cloud over Strategy’s operations but could also establish precedent for other firms integrating Bitcoin into corporate treasuries.

By combining capital-market fundraising with systematic Bitcoin accumulation, Strategy has become the most visible corporate example of “Bitcoin as a treasury asset.” The dismissal of the lawsuit strengthens its position, clearing the path for further expansion at a time when Saylor continues to frame Bitcoin as undervalued.

If the past is any guide, his weekend message may foreshadow yet another multimillion-dollar purchase when Strategy files its next disclosure. For now, the company’s trajectory suggests it intends to deepen its role as the largest corporate Bitcoin holder, even as broader market volatility tests investor conviction.