Michael Saylor Signals More Bitcoin Purchases as Strategy Holds 847K BTC Worth $50.9B
Michael Saylor shared a StrategyTracker chart on X showing Strategy holds 847,363 bitcoin valued at $50.88 billion as of June 28, 2026, with 113 purchase events and an average cost basis of $75,653 per BTC. The chart highlights aggressive accumulation in 2024-2025, and Saylor's comment 'We’re gonna need more charts' signals continued bitcoin purchases. Despite Saylor's bullish stance, Strategy's stock (MSTR) fell 8% to $86 amid concerns over its funding model and dividend obligations. Ripple CEO Brad Garlinghouse criticized Saylor's approach, saying it damaged the wider crypto market. Strategy's preferred stock (STRC) also fell to a record low. However, Saylor's treasury still has 10 months of dollar reserves to cover STRC's dividend obligations. The company's bitcoin holdings represent a significant corporate BTC position, but market skepticism remains over financial sustainability.
Key facts
- Strategy holds 847,363 BTC worth $50.9B as of June 28, 2026.
- Average purchase price per BTC is $75,653 across 113 buys.
- Saylor signals continued purchases with 'We’re gonna need more charts'.
- MSTR stock fell 8% to $86 amid funding concerns; STRC hit record low.
- Ripple CEO Garlinghouse criticizes Saylor's funding approach as damaging.