MicroStrategy Holds 846,842 BTC at 10% Discount, Saylor Hints New Buy
MSTR•Michael Saylor signaled another Bitcoin purchase, sharing a chart showing MicroStrategy holds 846,842 BTC at an average cost of $75,658 per coin, placing the position roughly 10% below cost. Bitcoin trades around $64,000 as U.S.-Iran talks and bullish options bets point to further upside potential.
1. Saylor Teases Additional Bitcoin Purchase
Strategy Executive Chairman Michael Saylor posted a chart plotting each of MicroStrategy’s Bitcoin buys since 2020, fueling speculation of an imminent acquisition after the company’s last SEC filing showed a small sale rather than a purchase.
2. Crypto Holdings and Valuation
MicroStrategy’s holding of 846,842 BTC at an average cost basis of $75,658 values the stake at approximately $54.2 billion, sitting about 10% below its cost and underscoring the firm’s leveraged accumulation strategy.
3. Market Drivers: Geopolitical and Derivatives Factors
Bitcoin’s rally toward $64,000 reflects renewed optimism from U.S.-Iran ceasefire talks and a surge in bullish call options, suggesting broader upside that could enhance MicroStrategy’s balance sheet over time.
