MicroStrategy's Saylor Prompts Buy Signal After Selling 32 BTC for $2.5 M
MSTR•Michael Saylor posted MicroStrategy's Bitcoin tracker after urging unity, signaling a potential new purchase following a June 1 sale of 32 BTC for $2.5 M. MicroStrategy holds 846,842 BTC at an average $75,658 cost, valuing its stake at $54.2 B while Bitcoin trades near $64,082.
1. Signal of New Bitcoin Purchase
Michael Saylor shared MicroStrategy’s holdings-versus-cost chart, reigniting speculation of a fresh bitcoin acquisition after a three-week pause in buys.
2. Funding Through Bitcoin Sales
On June 1, the company sold 32 BTC for $2.5 M to cover its 11.50% annual dividend on STRC preferred shares and generated $128 M through common stock sales.
3. Holdings Valuation and Cost
MicroStrategy’s 846,842 BTC position has an average purchase price of $75,658, valuing the stake at approximately $54.2 B as bitcoin trades near $64,082.
