Michael saylor's shift from 'orange dots' (signaling btc purchases) to 'green dots' in his sunday x post, coupled with microstrategy ceo phong le's comments about potentially selling btc if mnav falls below 1, introduces significant uncertainty. any deviation from saylor's consistent btc accumulation strategy, especially a potential sale, would be a major market event given microstrategy's status as the largest public corporate holder of bitcoin.
The information originates directly from michael saylor's official x account and statements made by microstrategy ceo phong le, reported by coindesk, a reputable crypto news source.
The ambiguity surrounding the 'green dots' breaks a consistent bullish pattern. more importantly, the explicit mention by microstrategy's ceo of conditions under which they *could* sell bitcoin, despite saylor's 'you do not sell your bitcoin' mantra, introduces a strong potential bearish catalyst. this challenges market expectations and could trigger selling pressure.
The market reaction is expected immediately following microstrategy's anticipated announcement on monday. traders will act swiftly based on the confirmed meaning of the 'green dots'.
Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Michael Saylor Sunday Change-Up Suggests New Announcement Coming Monday The executive chairman of bitcoin treasury firm Strategy teased a switch from orange dots to green dots in what's become his routine cheeky Sunday X post. By James Van Straten | Edited by Stephen Alpher Nov 30, 2025, 4:07 p.m. caption: Gage Skidmore/CC BY-SA 2.0/Modified by CoinDesk What to know : Strategy Executive Chairman Michael Saylor’s teased a switch from orange dots to green dots in what's become his routine Sunday X post. The move suggests possible new news coming on Monday — the day when the company typically announces the previous week's bitcoin purchases. Strategy CEO Phong Le earlier this weekend said the company could sell bitcoin if mNAV falls below 1 to fund dividends on its perpetual preferred equity. For the past twelve months, Strategy (MSTR) Executive Chairman Michael Saylor has maintained a consistent pattern, making a playful X post nearly every Sunday using a chart with orange dots to suggest a Monday announcement of additional bitcoin BTC $ 90,993.53 purchases. The pattern appeared to break at least a little bit this Sunday, though, with Saylor posting the same chart, but saying , "what if we start adding green dots." STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The subtle change has ignited speculation across the bitcoin community. Some believe green dots could signal stock buybacks or balance sheet shifts, while others wonder if it's a hint about possible bitcoin sales. Adding another plot twist, Strategy CEO Phong Le in a podcast appearance reiterated that the company has no short term refinancing risk , but explained that if Strategy’s multiple to net asset value (mNAV)falls below 1, the company could sell bitcoin to fund dividends on its perpetual preferred equity. Le also noted that Strategy can selectively sell higher cost basis BTC, to offset capital gains in a way that increases bitcoin per share. Any sale of bitcoin for any reason by Strategy would be notable given Michael Saylor's oft-repeated axiom: "You do not sell your Bitcoin." Strategy, the largest publicly traded corporate holder of bitcoin with nearly 650,000 BTC, has seen its stock price crumble in recent months, now lower by 41% year-to-date and about 70% down from an all-time high hit a bit more than a year ago. That, in turn, has constrained its ability to sell common stock to raise funds for additional bitcoin purchases. Strategy instead has turned to preferred share issuance for bitcoin buys, but critics question the company's ability to pay preferred dividends without further diluting common stockholders or selling some of its bitcoin stack. MicroStrategy Bitcoin News More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You 'We Wear Your Loathing With Pride': Tether's Downgrade at S&P Sparks Online Battle By Stephen Alpher 1 hour ago S&P Global last Wednesday slashed its rating on Tether's USDT stablecoin to its weakest score. Read full story Latest Crypto News 'We Wear Your Loathing With Pride': Tether's Downgrade at S&P Sparks Online Battle 1 hour ago Ethereum Developers Prep for Fusaka, Second Upgrade of 2025 2 hours ago Is the Bitcoin Digital Asset Treasury Model Broken? Architect Partners Says No 2 hours ago Bitcoin ETFs Are Now BlackRock’s Top Revenue Source, Exec Says 19 hours ago Meet the Billion-Dollar Crypto Founder Who Started Trading at 9 Years Old 21 hours ago Strategy CEO: Equity and Debt Flexibility Power Long-Term Bitcoin Accumulation Plan 21 hours ago Top Stories 'We Wear Your Loathing With Pride': Tether's Downgrade at S&P Sparks Online Battle 1 hour ago Bitcoin's 'Coinbase Premium' Flips Positive After Weeks in the Red Nov 29, 2025 Why Gold Is Winning Over Bitcoin in 2025: Liquidity, Trade, and Trust Nov 29, 2025 State of Crypto: Kalshi and Prediction Markets Face a Setback Nov 29, 2025 ‘Privacy Is the Immune System of Freedom’: Crypto Advocacy Sparks Uproar in São Paulo Nov 29, 2025 Bitcoin Pricing in 'Most Bearish Global Growth Outlook' Since Covid and FTX Crash: Bitwise Research Nov 29, 2025