Saylor’s orange-dot chart returns after MicroStrategy sale

Michael Saylor posted his orange-dot bitcoin accumulation chart on X on July 12. The chart tracks MicroStrategy’s bitcoin purchases over time and marks each acquisition with an orange dot. The post followed the company’s disclosure of a late-June bitcoin sale.

The chart lists 113 purchase events and shows MicroStrategy holding 843,775 BTC at an aggregate purchase cost of about $63.69 billion. The chart displays an average acquisition price near $75,476 per bitcoin.

MicroStrategy disclosed it sold 3,588 BTC between June 29 and July 5, generating roughly $216 million. MicroStrategy disclosed the proceeds were used to support preferred stock obligations and to increase its U.S. dollar reserves.

An earlier sale in late May involved 32 BTC sold at an average price of $77,135, producing about $2.5 million. The company dashboard shows the bitcoin holdings valued at about $53.991 billion based on a displayed bitcoin price of $63,988.

The dashboard also lists a market capitalization of $35.17 billion, an enterprise value of $54.838 billion, an mNAV ratio of 1.02, $2.55 billion in U.S. dollar reserves, $6.754 billion in debt and $15.464 billion in preferred stock value.

Historically, new versions of the orange-dot chart often preceded announcements of additional bitcoin purchases. Saylor posted chart updates frequently as the company accumulated bitcoin across different price cycles and occasionally sold holdings for liquidity or financing needs.

Saylor has described bitcoin as a long-term financial asset and framed adoption as moving into a phase focused on digital capital and integration with financial markets. Investors and analysts are watching MicroStrategy’s next reporting updates and any future chart posts for details on further purchases, sales or changes to the company’s treasury approach.