MicroStrategy Signals Fresh Bitcoin Buy After June Sale Funds 11.5% Dividend
MSTR•Michael Saylor posted MicroStrategy’s Bitcoin chart hinting at a new purchase after the June 1 sale of 32 BTC to fund an 11.5% preferred dividend. The firm holds 846,842 BTC at an average cost of $75,658, valued at $54.2 billion, and raised $128 million through ATM stock sales.
1. Saylor Hints at New Bitcoin Purchase
Strategy Executive Chairman Michael Saylor shared a chart plotting MicroStrategy’s Bitcoin holdings against its average purchase price since 2020, with a caption that has fueled speculation of another corporate Bitcoin acquisition.
2. Current Bitcoin Holdings and Valuation
MicroStrategy holds 846,842 BTC at an average cost of $75,658 per coin, valuing its position at $54.2 billion based on Bitcoin trading near $64,082.
3. Funding Strategy and Preferred Dividends
On June 1, the firm sold 32 BTC for $2.5 million to cover its 11.50% annual preferred stock dividend and raised $128 million via its at-the-market common stock program.
4. Market Impact and Next Update
Investors will watch MicroStrategy’s next Monday filing to see if Saylor’s chart dots multiply again, potentially boosting the stock on signs of renewed Bitcoin accumulation.
