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Use some sort of short text compression like unishox2. This can reduce a sentence like the above to a hex string of efbfaf95c4ea327cb26bd7488419958d24d7970884201310a5. Each of these characters going from 0-f (0-16) can be represented in binary like 0000 to 1111 and can be represented as circles (if a circle is present, 1, if not 0). I thought of a space saving measure which would to be to have one set of 4 circles inside another 4 set of circles. Since a pair of hex values represents a single character for the output of unishox2, group of 4 smaller circles each inside 4 larger circles can represent a byte. Here is an example design for the example sentence. Perhaps the center could be filled with some sort of art work?