Michael Saylor teases more bitcoin buying even as Strategy stock continues to fall
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- Michael Saylor shared a StrategyTracker chart on X showing Strategy holds 847,363 bitcoin valued at $50.88 billion as of June 28, 2026, across 113 purchases at an average cost basis of $75,653 per BTC.
- Saylor's caption "We're gonna need more charts" signals intent to continue bitcoin accumulation even as skeptics question the funding model behind the buys.
- Strategy's stock (MSTR) fell 8% on Thursday to $86, then dropped another 3.54% to $82.31 amid concerns about its ability to meet dividend obligations.
- Ripple CEO Brad Garlinghouse said last week that Saylor's approach to funding bitcoin purchases has damaged the wider cryptocurrency market as preferred stock STRC fell to a record low.
- STRC hovered around $74.57 after a 1.48% Sunday uptick, while Strategy's treasury reportedly holds 10 months of dollar reserves to cover STRC dividend obligations.
Why it matters: Saylor's doubling-down reinforces Strategy's role as the largest corporate bitcoin holder, but the gap between the firm's $75,653 average cost and current BTC value highlights mounting financial strain — MSTR has shed roughly 4% in days while critics like Garlinghouse argue the preferred-stock funding model itself is damaging the broader crypto market.
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