In Bitcoin information immediately, Michael Saylor posted Strategy’s BTC acquisition tracker chart to X on Sunday, June 29, captioned “We’re gonna need more charts”, his established pre-buy sign, even because the agency’s Bitcoin treasury sits roughly $13Bn underwater with BTC worth buying and selling under $60,000, its weakest degree since October 2024.
The publish follows the identical sample because the one Saylor deployed earlier than disclosing purchases on June 7 and June 21. If a Monday 8-Ok submitting confirms a recent acquisition, it could mark Strategy’s fourth consecutive week of shopping for, a streak of conviction that’s changing into more durable and costlier to maintain.
Saylor bullposting Strategy’s Bitcoin accumulation comes as BTC USD dropped under $60,000 in a single day, with the world’s largest digital asset at present down -1% on the day, with over $20.7Bn in each day buying and selling quantity.
We’re gonna want extra charts. pic.twitter.com/xVASOEnSw8
— Michael Saylor (@saylor) June 28, 2026
The Numbers Behind the Defiance
Strategy holds 847,363 BTC at a mean value of roughly $75,646 per coin, in keeping with the agency’s June 22 disclosure. With bitcoin close to $60,000, the market worth of these holdings sits round $50.8Bn towards a value foundation of roughly $64.1Bn, an unrealized loss The Block has tracked as excessive as $14Bn because the selloff has deepened.
The latest confirmed Bitcoin purchase was a 520 BTC buy on June 22 for about $35M, Strategy’s smallest current tranche by a large margin. That very same week, the agency added $300M to its greenback reserve, lifting it to $1.4Bn.
On June 1, Strategy recorded its first BTC sale since 2022, offloading 32 BTC for roughly $2.5 million to cowl a dividend cost earlier than resuming weekly purchases.
Saylor has publicly framed the sell-to-buy ratio as uneven. In early Could, he advised interviewers that Strategy would purchase “10 to 20” bitcoin for each coin it sells, a posture that reads as calculated defiance when the place is that this deep within the crimson.
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The Capital Stack Is Cracking: What Subsequent for $MSTR?
In different Bitcoin information immediately, the MSTR inventory fell to roughly $82 on Friday, its lowest shut since February 2024, in keeping with The Block’s crypto equities tracker.
Extra telling is what has occurred to STRC’s most well-liked inventory, Strategy’s variable-rate instrument designed to commerce close to its $100 par worth, which hit a report low round $71 final week. STRC carries an 11.5% annual dividend.
The mixed slide pushed Strategy’s enterprise mNAV, a metric evaluating the corporate’s full market worth, together with debt and most well-liked inventory, towards the worth of its bitcoin holdings, under 1 for the primary time.
When mNAV drops under 1, the market values the agency at lower than the BTC it holds, which successfully chokes off the equity-issuance machine that Strategy has used to fund accumulation.
A Block Analysis evaluation discovered MSTR frequent inventory ranks as a levered residual declare sitting behind roughly $6.7Bn of convertible debt and roughly $15.5Bn of perpetual most well-liked inventory – a capital construction that leaves strange shareholders final in line.
(SOURCE: Yahoo Finance)
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Bitcoin Information At present: Critics Circle as Saylor Indicators
In different Bitcoin information immediately, Ripple CEO Brad Garlinghouse advised CNBC on Friday that Saylor’s group “wasn’t focused on the right stuff,” arguing the method had damage the broader market and pointing to STRC’s low cost as proof of a flawed monetary engineering mannequin. Garlinghouse mentioned he stays bullish on bitcoin however contended that long-term worth requires utility, not leverage.
Saylor’s response, characteristically, is one other chart publish. The orange-dots graphic has develop into a dependable main indicator that merchants now front-run forward of Monday 8-Ok filings.
Whether or not the confirmed buy this week is one other modest 520 BTC tranche or one thing bigger, the sign itself delivers a message: the buildup technique is just not pausing, whatever the paper losses, the inventory worth, or the critics.
The subsequent onerous datapoint is the 8-Ok itself – the scale, the funding supply, and the typical worth paid will inform the market whether or not Strategy is managing a managed slowdown or genuinely doubling down on the worst entry level in its historical past.
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The publish Saylor Readies For Shoot Out With MSTR Bears: Will Strategy Drop Another BTC Buy? appeared first on 99Bitcoins.
