Michael Saylor Confirms More Bitcoin Purchases Despite Stock Decline
Michael Saylor indicates further bitcoin purchases as Strategy holds 847,363 bitcoins valued at about $50.9 billion, according to CoinDesk. Despite bullish intentions, the firm's stock faces challenges amid scrutiny over its funding model and recent drops in share price.
Michael Saylor, co-founder and executive chairman of MicroStrategy, recently announced intentions to continue purchasing bitcoin. According to a StrategyTracker chart he shared on X, as of June 28, 2026, his firm holds 847,363 bitcoins, currently valued at approximately $50.9 billion, with an average purchase price of $75,653 per bitcoin across 113 acquisitions.
This aggressive accumulation in 2024 and 2025 highlights MicroStrategy's strategy to establish itself as a leading corporate bitcoin holder. Saylor's comment, "We're gonna need more charts," underscores his commitment to further purchases, suggesting an ongoing bullish outlook despite existing skepticism in the market.
Despite Saylor's optimistic approach, MicroStrategy's stock price has seen significant declines. Last week, the firm's stock (MSTR) fell by 8% to $86 amidst concerns about its ability to uphold dividend obligations. Ripple CEO Brad Garlinghouse voiced criticism of Saylor's funding mechanism for bitcoin purchases, which he claims has negatively impacted the broader cryptocurrency market, even as MicroStrategy reportedly retains enough dollar reserves to cover approximately ten more months of dividend payouts.
Currently, MicroStrategy's stock trades at about $82.31 following a further decline of 3.54%. Meanwhile, the company’s preferred stock is priced around $74.57 after a slight increase of 1.48% on Sunday. Observers will monitor both MicroStrategy's stock performance and Saylor's intended bitcoin purchases closely, as these actions could influence market perception and investment strategies going forward.
Summary based on original reporting by Olivier Acuna at CoinDesk, originally published Jun 28, 2026. SolanaWire does not republish source content.
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