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.”