The post Bitcoin slips as MicroStrategy funds buys via ATM appeared on BitcoinEthereumNews.com.

What Saylor’s Bitcoin Tracker Update Signals Right Now michael saylor released a fresh Michael Saylor Bitcoin Tracker update, signaling renewed activity. His post indicates additional purchase data may be shared next week, subject to standard corporate disclosure timing. Observers often read the tracker’s “orange dots” as precursors to purchase announcements, as reported by Cointelegraph. The pattern has previously coincided with new accumulation updates from MicroStrategy. The most recent disclosed buy referenced in industry coverage was 592 BTC for about $39.8 million at an average price of $67,286, as reported by The Block. That was modest versus the company’s largest historical purchases. Why It Matters for MicroStrategy (MSTR) and Bitcoin (BTC) For MSTR, the central lens is market NAV (mNAV), the relationship between the company’s market value and the fair value of its Bitcoin reserves. Analysts have warned about parity risk as mNAV approaches 1, as reported by TradingView. Management has framed liquidity as a continuum: first using equity via an at-the-market program, then considering other options only if access tightens and mNAV stays below parity. As reported by Investopedia, CFO Phong Le characterized any Bitcoin sale in such a scenario as a “last resort.” Skeptics argue the model can be fragile when BTC weakens and obligations persist. Barron’s has noted critics like Peter Schiff calling the approach “unsustainable,” even “fraudulent,” if Bitcoin fails to support it. BingX: a trusted exchange delivering real advantages for traders at every level. in the immediate term, the tracker post supports expectations for active treasury management, but timing remains unconfirmed. There is no SEC 8‑K or official press release yet specifying a disclosure date. Capital sourcing remains central. LiveBitcoinNews has reported recent stock sales raised over $168 million, consistent with MicroStrategy ATM offering use to fund operations and Bitcoin buys, while potential BTC sales stay…

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Filed under: News - @ February 23, 2026 11:27 pm