Strategy Executive Chairman Michael Saylor signaled another Bitcoin (BTC) purchase on Sunday, posting MicroStrategy’s tracker hours after he urged unity among Bitcoin holders.
The timing stands out. MicroStrategy’s most recent filing reported a small Bitcoin sale rather than a purchase, and the firm has disclosed no new buy in three weeks.
Michael Saylor Signals MicroStrategy’s Next Bitcoin Buy
The chart Saylor shared plots Strategy’s Bitcoin holdings against its average purchase price since 2020. Each orange dot marks a separate buy.
Strategy held 846,842 BTC as of this writing, according to a regulatory filing. At an average cost of $75,658, the position sits about 10% below cost.
Bitcoin was trading near $64,082 on Sunday, up 1.31% on the day. That values the holdings around $54.2 billion.
The caption fueled fresh purchase speculation, a familiar move from Saylor before past acquisitions. The firm, formerly MicroStrategy, began buying in 2020 and remains the largest corporate holder by a wide margin.
Saylor’s Unity Call Meets a Buying Slowdown
Hours earlier, Saylor urged the Bitcoin community to focus on its shared goals rather than internal disputes.
Bitcoiners agree on the 99% that matters. We shouldn’t let the 1% divide us while nearly all global capital has yet to enter Bitcoin’s monetary network. The opportunity is bigger than the argument,” he wrote.
The appeal lands during a clear pause. Strategy’s June 1 filing showed it sold 32 BTC for $2.5 million to fund preferred stock dividends.
That marked a rare step for a company built on accumulation. MicroStrategy pays an 11.50% annual rate on its STRC preferred shares, a cost it must cover with cash.
The same week, Strategy sold $128 million of common stock under its at-the-market program. Buying Bitcoin with stock and selling some to pay dividends sits at the center of the criticism.
Saylor has hinted at more buying even as the company slowed its weekly purchases. Supporters point to a stack still worth about $54 billion.
MicroStrategy typically files a Bitcoin update each Monday. The next one will show whether Saylor’s dots multiplied again, or whether the pause held.
The post Michael Saylor Teases Next Bitcoin Buy After Urging Community Unity appeared first on BeInCrypto.
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