Michael Saylor Isn’t Giving Up on Bitcoin Despite Billions of Dollars in Losses! Has He Given Another Buy Signal?

Michael Saylor, founder of Strategy, the world’s largest institutional Bitcoin investor, gave a strong signal via a post on social media platform X that a new Bitcoin purchase may be announced soon.

Following similar posts by Saylor in the past, the company’s announcement of new Bitcoin purchases has once again drawn investors’ attention to Strategy.

Saylor shared a chart showing the company’s Bitcoin holdings with the note “We’ll need more charts,” which is being interpreted as a hint at a new purchase announcement that could be released on Monday.

Following similar announcements on June 7 and June 21, the company had previously reported new Bitcoin purchases to the US Securities and Exchange Commission (SEC).

However, Strategy’s current Bitcoin investment is in significant unrealized losses. As of June 22, the company owns a total of 847,363 $BTC at an average cost of $75,646. With the Bitcoin price trading around $60,000, the company’s unrealized losses have reached approximately $13 billion.

Strategy most recently purchased 520 $BTC for approximately $35 million on June 22nd, while simultaneously increasing its cash reserves by $300 million to $1.4 billion. However, this purchase was made with a significantly lower volume compared to previous weeks.

The company’s financing model has recently been the focus of criticism. Strategy shares fell to $82 on Friday, reaching their lowest level since February 2024. Furthermore, the company’s variable dividend STRC preferred shares also dropped significantly below their nominal value of $100, falling to around $71.

Following these developments, Strategy’s market capitalization fell below the value of its Bitcoin holdings, raising questions about its ability to raise new capital.

Industry figures such as Ripple CEO Brad Garlinghouse and CryptoQuant Research Head Julio Moreno have also criticized the company’s aggressive Bitcoin buying strategy, arguing that the priority should be on strengthening its cash reserves.

Despite this, Michael Saylor has repeatedly emphasized that Strategy will not abandon its long-term Bitcoin accumulation strategy. Markets are now closely watching whether the company will announce a new Bitcoin purchase this week.

*This is not investment advice.