Saylor Signals Fresh Bitcoin Buy as MicroStrategy’s 846,842-Coin Stake Sits 10% Below Cost
MSTR•MicroStrategy holds 846,842 BTC at an average cost of $75,658, marking a 10% unrealized loss on its $54.2 billion position, while previously selling 32 BTC for $2.5 million to fund preferred dividends and raising $128 million via equity. Executive Chairman Michael Saylor signaled another potential Bitcoin purchase and called for unity among holders.
1. Saylor Signals Potential Purchase
Executive Chairman Michael Saylor posted a chart of MicroStrategy’s Bitcoin holdings against average cost since 2020, fueling speculation of a new acquisition after a three-week pause in reported buys.
2. Dividend-Funding Sales
MicroStrategy sold 32 BTC for $2.5 million on June 1 to cover its 11.50% preferred share dividend and raised $128 million of common equity through its at-the-market program.
3. Holdings Valuation and Performance
The company holds 846,842 BTC at an average price of $75,658, valuing the position at roughly $54.2 billion based on Bitcoin trading near $64,082 and sitting about 10% below cost.
4. Unity Appeal to Bitcoin Community
Hours before hinting at a new purchase, Saylor urged Bitcoin holders to focus on shared goals over disputes, emphasizing the larger opportunity of global capital entering Bitcoin’s monetary network.
