MicroStrategy Teases New Bitcoin Buy with 846,842 BTC Position 10% Underwater
MSTR•MicroStrategy Executive Chairman Michael Saylor posted a chart signaling another Bitcoin purchase after the firm sold 32 BTC for $2.5 million in dividends and issued $128 million of common stock. The company holds 846,842 BTC at an average cost of $75,658, a position roughly 10% below cost.
1. Michael Saylor Teases Bitcoin Buy
Strategy Executive Chairman Michael Saylor shared a chart plotting the firm’s Bitcoin holdings against its average purchase cost since 2020, fueling speculation of a fresh acquisition. This public tease follows a pause in net purchases over the past three weeks.
2. Current Bitcoin Holdings
MicroStrategy holds 846,842 BTC at an average cost basis of $75,658 per coin, placing the position about 10% below current trading levels. The notional value of these holdings stands near $54.2 billion based on prevailing Bitcoin prices.
3. Recent BTC Sales and Financing
In early June, MicroStrategy sold 32 BTC for $2.5 million to fund an 11.50% annual dividend on its preferred shares and raised $128 million through its at-the-market equity program. These steps underscore the firm’s approach of using equity and selective sales to finance ongoing obligations.
4. Upcoming Bitcoin Update
MicroStrategy typically files a weekly Bitcoin holdings update each Monday, which will reveal whether the company resumed purchases or maintained the recent acquisition pause. Investors will closely watch the next report for signs of renewed accumulation.
