Michael Saylor is humming again.

Every time he posts “The melody of Bitcoin continues,” the market knows—MicroStrategy is probably about to open Coinbase’s back end and click “Market Buy.”

Last week he just stuffed in 34,164 BTC, driving total holdings to 815,000. Now he’s hinting at the next round. This guy’s KPI isn’t about any return metric at all—it’s whether he can buy Bitcoin and make MicroStrategy a subsidiary of Bitcoin.

But this time there’s a slight difference: MSTR’s bond issuance cadence has temporarily slowed, and there’s still $26.7 billion in common stock capacity available to sell. In other words—maybe the pace will shift from “rabid-style buying” to “elegant dollar-cost averaging.” But if BTC dares to dip, Saylor will immediately switch back to the “smash the keyboard” mode.

Put plainly, MicroStrategy is BTC’s “walking backstop fund.” You think it’s going to crash? He buys. You think the bull market is over? He’s still buying. My suggestion to Wall Street is to directly change MSTR’s trading code to BTC.Bottom, and have the company’s headquarters name replaced with “Michael Saylor Global Backstop Office.”

Saylor: You sell as you like—I’ll take it. The melody continues; the buy order’s on me. 😂$BTC