Michael Saylor’s tease about adding “green dots” to Strategy’s charts has refocused attention on the firm’s buyback-friendly mNAV zone below 1.0x. At the same time, chart watchers now map a potential recovery path for MSTR from support near $170 toward an initial target around $235.

Saylor Teases “Green Dots” as Strategy mNAV Dips Below 1.0x

Michael Saylor hinted at a potential shift in Strategy’s capital playbook after the company’s market net asset value, or mNAV, slipped below 1.0x this week. In a brief post on X, the executive asked, “What if we start adding green dots?”, alongside charts showing the firm’s bitcoin portfolio and equity guidance.

The guidance slide from Strategy states that when mNAV falls “Below 1.0x mNAV,” the company will “consider issuing credit to repurchase MSTR.” That threshold contrasts with higher mNAV bands, where Strategy plans to issue stock to acquire more bitcoin. The bitcoin portfolio chart, dated Nov. 30, 2025, shows holdings of 649,870 BTC with a market value of about $59.45 billion.

Soon after Saylor’s comment, X user Crypto Kid noted that Strategy’s mNAV had dropped below 1.0x again just two days earlier. Citing the same guidance, the commentator said the move should, in their view, point to a buyback of MSTR shares rather than another bitcoin purchase. 

MSTR Equity Guidance Bands. Source: Strategy / X

The exchange highlighted how Saylor’s “green dot” language now draws attention not only to bitcoin accumulation but also to potential stock repurchases when the company’s equity trades below its stated valuation band.

Analyst Maps First Rebound Targets for Strategy Stock

Strategy Inc.’s MSTR shares are testing early recovery levels after a steep sell-off, with one chart watcher pointing to $180 as the first sign of a fresh uptrend. On the daily chart, price hovers just above support near $170 while the stock works back into a resistance band around $177 to $190.

MSTR Daily Rebound Setup. Source: Han Akamatsu X

Analyst Han Akamatsu wrote on X that reclaiming $180 would mark “the first positive step” toward a new bullish trend. He noted that the 1-day Hull moving average currently caps price in the $177–$190 zone and said the signal needs a clean bullish crossover this week rather than another rejection. If buyers hold that area, Akamatsu sees an initial upside target around $235.

Momentum indicators still show stress but hint at stabilization. The daily relative strength index remains in oversold territory near the low 30s, yet it has started to curl higher over the past week, suggesting selling pressure may be easing. Akamatsu emphasized that the immediate task for bulls is to defend the $170 floor and avoid a sharp knockback from the $190 area before any sustained move toward $235 can develop.