Michael Saylor signals continued accumulation despite stock decline
Michael Saylor shared a chart on June 28, 2026 showing MicroStrategy now holds 847,363 bitcoin worth approximately $50.9 billion, with a reported average purchase price near $66,384 per coin. The disclosure came as MSTR stock traded at $82.31 following a 3.54% decline, and signaled the founder’s intent to continue purchasing more bitcoin.
“We’re gonna need more charts,” Saylor said, underscoring his bullish stance on further accumulation despite headwinds facing the company’s stock price and funding model.
The StrategyTracker chart Saylor shared displays orange bubbles marking MicroStrategy’s purchases overlaid on bitcoin price history since the company began its aggressive accumulation strategy in 2024. The visualization tracks the company’s dollar-cost averaging approach across the period when bitcoin fluctuated significantly.
MicroStrategy’s strategy to finance bitcoin purchases relies on issuing preferred stock (STRC), a funding mechanism that has drawn criticism. Brad Garlinghouse, CEO of Ripple, stated last week that Saylor’s approach to funding bitcoin purchases has damaged the wider cryptocurrency market. Garlinghouse remains bullish on bitcoin itself but objects to the specific methodology MicroStrategy employs.
The preferred stock has faced pressure, falling to record lows amid concerns over dividend obligations. MicroStrategy maintains 10 months of dollar reserves available to cover STRC dividend obligations, STRC traded at $74.57 on Sunday following a 1.48% increase, but the stock has struggled as investors weigh the sustainability of the company’s treasury strategy.
MicroStrategy’s valuation has fallen below the value of its bitcoin holdings, a dynamic that reflects investor skepticism about the company’s corporate structure and funding approach. Earlier in the week, MSTR stock had fallen 8%, illustrating the volatility surrounding the company’s shares.
Saylor has maintained his bullish stance on continued bitcoin purchases despite market skepticism and the stock price decline. The company’s positioning as a leading corporate bitcoin holder hinges on its ability to continue financing purchases through preferred stock issuance, a model that faces increasing scrutiny from both traditional investors and crypto industry figures.
The 847,363 bitcoin holdings represent the outcome of MicroStrategy’s two-year accumulation campaign, during which the company has consistently deployed capital into the asset despite macroeconomic headwinds and regulatory uncertainty.
