Saylor Signals Fresh BTC Buy as Strategy Faces $11.7B Unrealized Loss
What happened: Michael Saylor posted Strategy's BTC tracker on X with the phrase "A good time to add more dots" on June 7, a move that has historically preceded new Bitcoin purchases.
What happened: Michael Saylor posted Strategy's BTC tracker on X with the phrase "A good time to add more dots" on June 7, a move that has historically preceded new Bitcoin purchases. Strategy currently holds 843,706 BTC at an average cost of $75,699—about $11.7 billion underwater at current prices. The post follows Strategy's first BTC sale since 2022 (32 BTC at $77,135 each) and comes just before a key vote on STRC dividend amendments at the June 8 annual meeting.
Why it matters: Saylor's public hints sustain speculation about further accumulation, but Strategy's shrinking USD reserves (now ~$900M, down from ~$2B) limit the scale of any new buy. The recent sale and mounting paper losses have intensified scrutiny of the firm's "never sell" narrative, with some analysts warning of feedback-loop risks if ETF and corporate flows turn negative. Saylor maintains that sales are routine and that the company remains committed to its BTC strategy.
Source: The Block