Michael Saylor Signals More Bitcoin Buys As MSTR Stock continues to Falls

Michael Saylor shared a StrategyTracker chart on X Sunday showing Strategy holds 847,363 bitcoin worth $50.88 billion as of June 28, with 113 purchases at an average cost basis of $75,653 per BTC.

“We’re gonna need more charts,” Saylor wrote, signaling plans to keep buying and adding fresh data points despite the stock’s recent slide.

Stock Pressure Continues Despite Saylor’s Confidence

The comments come as Strategy’s stock keeps sliding. MSTR fell 8% to $86 last Thursday amid concerns over dividend obligations, and now sits at $82.31 after a further 3.54% drop. STRC, the preferred stock central to Strategy’s funding model, hovers around $74.57 after a 1.48% gain Sunday. Saylor’s treasury still has 10 months of dollar reserves to cover STRC’s dividend payments.

Ripple CEO Brad Garlinghouse said last week he remains bullish on bitcoin but believes Saylor’s funding approach has hurt the broader crypto market, as STRC fell to a record low.