Saylor Posts Bitcoin Buy Signal and Files to Sell $1.25 Billion in Same Week

On June 29, Michael Saylor posted Microstrategy's Bitcoin acquisition tracker to social media signaling another purchase, while the company filed to sell up to $1.25 billion of Bitcoin through a new monetization program to bolster cash reserves and fund preferred dividends.

Microstrategy holds 847,363 BTC with an average cost basis of $75,646, valuing the position at roughly $64.1 billion against a current market value around $50.8 billion. The filing coincided with Bitcoin trading below $60,000, its weakest level since October 2024. The company's enterprise value (mNAV) fell below the value of its Bitcoin holdings on June 27 for the first time, dropping below 1.0 and signaling potential dilution concerns for future stock issuances used to fund Bitcoin purchases.