Michael Saylor issues Bitcoin Tracker signal again, market speculation of increased holdings imminent

Strategy founder Michael Saylor posted a brief message on the X platform, once again mentioning the Bitcoin Tracker, with the caption “Orange or Green?”.

This move is widely interpreted by the market as a signal that Strategy is about to disclose another round of Bitcoin accumulation. According to previous patterns, the company typically announces an increase in holdings on the day after releasing similar messages.

01 Signal Reappearance

Although Michael Saylor’s update was brief, it quickly fermented within the crypto community. The mention of “Bitcoin Tracker” is generally seen as a precursor indicator that Strategy is about to undertake a new round of Bitcoin purchases.

This post was published in early January 2026, at a critical moment when the market was closely watching Bitcoin price movements.

Market participants almost immediately began discussing the potential scale and timing of Strategy’s possible accumulation. For those familiar with Strategy’s operational patterns, this pattern is well known.

02 Bitcoin Empire

Strategy’s Bitcoin accumulation began in 2020, and has since built a massive digital asset empire. The latest data shows that as of December 15, 2025, Strategy holds a total of 671,268 BTC.

According to Bitbo’s data, these Bitcoins are valued at approximately $62.35 billion at current prices, accounting for 3.197% of the total Bitcoin supply. The company’s average purchase cost is $66,384.56 per Bitcoin.

Strategy’s history of Bitcoin purchases demonstrates a consistent active accumulation strategy. In December 2025 alone, the company made several large-scale purchases.

This current Bitcoin holding makes it the world’s largest corporate Bitcoin holder, far surpassing other publicly listed companies.

03 Market Background

This accumulation signal appears amid a complex market environment. Bitcoin prices have experienced recent volatility, with the price around $92,966.06 as of January 5, 2026.

Meanwhile, Strategy’s own stock price experienced a significant decline in 2025, with a full-year drop of 49.3%.

Analysts point out that the decline in the company’s stock price is closely related to the weak performance of Bitcoin prices. Bitcoin’s price fell 5.7% throughout 2025, putting pressure on Strategy, which heavily relies on Bitcoin’s value.

Recently, some positive signals have emerged in the crypto market. The US spot crypto ETF recorded an inflow of $670 million on its first trading day of 2026, indicating that institutional investors may be re-engaging with this asset class.

04 Financial Challenges

Despite continuing to increase Bitcoin holdings, Strategy faces a series of financial and structural challenges. The company’s market capitalization is currently about $45.16 billion, below the value of its Bitcoin holdings.

This gap implies that Strategy’s stock is currently trading at an approximate 20% to 25% discount relative to its Bitcoin assets.

The upcoming MSCI index adjustment presents another challenge. MSCI proposes reclassifying companies with digital assets exceeding 50% of total assets as “funds,” which could disqualify them from inclusion in major stock benchmarks.

For Strategy, this decision could have significant impacts. JPMorgan estimates that exclusion from the MSCI index could lead to outflows of up to $8.8 billion.

05 Potential Impact

If Strategy indeed increases its Bitcoin holdings again as market expectations suggest, this move could have multiple effects on the crypto market. The infusion of new capital might support Bitcoin’s price, especially in the current market environment.

Strategy’s ongoing purchases also send a long-term bullish signal to the market. As the largest corporate Bitcoin holder, the company’s strategic decisions are highly watched and could influence other institutional investors’ choices.

Given Strategy’s current Bitcoin holdings, even a relatively small increase could impact market liquidity. The company’s historical purchase sizes range from a few million dollars to several billion dollars per transaction.

Crypto market participants are also paying close attention to Strategy’s liquidity status. The company has stated that even if Bitcoin prices fall to its average cost basis of $74,000, it still has enough assets to cover its convertible debt.

Future Outlook

Strategy’s 671,268 Bitcoins lie quietly in the crypto vault. Despite the company’s stock price nearly halving in 2025, Saylor’s tweets are like stones thrown into a calm lake, stirring market expectations of this Bitcoin whale opening its capital again.

Bitcoin traders on the Gate platform have keenly sensed the tense and excited atmosphere. Regardless of the final scale of the increase, this action itself has become a market confidence indicator.