Key Takeaways
- Saylor’s cryptic “32?” post divided the crypto community.
- The post reignited debate over Strategy’s first Bitcoin sale since 2022.
- Some industry figures remain confident in Strategy’s resilience.
Michael Saylor, the executive chairman of Strategy, split the crypto community on Sunday after posting a cryptic message on X that asked a single question: “32?”
Just weeks after Strategy’s shocking sale of 32 Bitcoin, some have taken the post as a hint they could be gearing up to buy it back.
Others, however, have speculated it could be a veiled prediction that Bitcoin’s price may fall to $32,000 — with Saylor “trolling” the market in the process.
Michael Saylor Accused of ‘Trolling’ Bitcoin Holders
Many market participants viewed Saylor’s post as a tongue-in-cheek reference to Strategy’s sale of exactly 32 BTC between May 26 and May 31, a transaction that marked the company’s first Bitcoin sale since late 2022.
The sale generated roughly $2.5 million, representing just 0.004% of Strategy’s massive Bitcoin treasury of more than 843,700 BTC.
The company said proceeds would be used to fund distributions on its preferred stock.
Despite the relatively insignificant size of the sale, the move sparked concern, with some questioning whether the long-time Bitcoin bull was changing course after years of advocating a strict buy-and-hold strategy.
Saylor’s latest post appeared to pour fuel on the debate.
The message also arrived shortly after he posted another cryptic remark, writing: “A good time to add more dots,” accompanied by a chart of Strategy’s recent buys.
While posts like this from Saylor are a regular occurrence before buys, the recent sale has left some disgruntled holders feeling like Saylor was “trolling” holders.
“Easy to troll when it’s other people’s money you’re losing,” said one X user.
Another wrote: “Bro crashed the whole market and is now trolling.”
Theories Around $32,000 Bitcoin Price Prediction
Not everyone believed the post referred to the 32 BTC sale.
Some traders speculated that Saylor was subtly forecasting a major Bitcoin price decline toward $32,000, particularly as the asset remains under pressure following its last sale.
One X user replied: “$32k? Idk, that’s pretty low for BTC. We’ve got a long ways to go if so.”
Another user responded: “Oh s**t Bitcoin is going to $32K.”
Others pointed to bearish market forecasts already circulating from other prominent analysts.
One trader shared a previous post arguing that Bitcoin’s widely watched $60,000 support level would not hold, writing:
“Everyone is convinced the Bitcoin bottom is $60,000. I’m here to tell you, $60K it isn’t the bottom, it’s the psychological level at which people panic, and the real breakdown begins.”
The trader further claimed that Bitcoin’s “364 day downcycle ends in October 2026” and predicted deeper downside ahead.
The speculation comes during a period of steep losses for Bitcoin, with a rebound from $59,000 in the last few days.
According to CoinGlass data, a rapid recovery from around $60,000 to above $63,700 triggered roughly $239 million in short liquidations over the past day, creating a short squeeze that helped fuel the small rebound.
Analysts are now watching whether Bitcoin can reclaim resistance between $63,000 and $66,000, while $60,000 remains a critical support level.
Some Traders Call Michael Saylor a ‘Genius’
While some investors criticized the sale of 32 BTC, others praised Saylor’s timing and speculated that Strategy may have taken advantage of the recent market downturn.
Popular X commentator Borovik wrote:
“Saylor is a genius. Sold 32 Bitcoin at $77,000 knowing the price would crash down to $59,000. He most likely bought thousands of Bitcoin around $60,000 and will reveal it tomorrow.”
While there is no public evidence that Strategy has purchased additional Bitcoin since the sale, Strategy will likely purchase again soon, given its history of aggressively accumulating during periods of market weakness.
Strategy CEO Phong Le shared Saylor’s post on Sunday, writing: “Our corporate Strategy is to increase net Bitcoin and Bitcoin per share over time. Rumors otherwise are just rumors.”
Miners Say Strategy Can Withstand a $30,000 Bitcoin Price
Meanwhile, some industry executives have dismissed concerns that a major Bitcoin correction would force Strategy to reduce its holdings significantly.
Jiang Zhuoer, founder and CEO of Chinese mining pool BTCTOP, argued over the weekend that Strategy’s financial position remains manageable even if Bitcoin falls to $30,000.
“Regarding the FUD,” a translated X post from Zhuoer on June 7 read, “I believe MicroStrategy will not substantially net sell BTC.”
According to Zhuoer, Strategy has no incentive to damage its long-standing reputation as a company that rarely sells Bitcoin.
He argued that even if Bitcoin were to decline to $30,000, Strategy’s leverage ratio would rise from roughly 5% to around 10%, a level he believes remains manageable.
Others disagree with Zhuoer, with gold advocate Peter Schiff claiming that “even $20,000 Bitcoin is low enough to bankrupt MSTR.”
When someone said Bitcoin at $16,000 did not bankrupt Strategy, Schiff responded: “Yes, but back then it didn’t have all this convertible debt to repay or preferred dividends to pay.”
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
