Saylor publishes a bitcoin buy signal and, in the same week, files to sell $1.25 billion



On June 29, Michael Saylor posted Microstrategy’s bitcoin accumulation tracker on social media, suggesting another purchase. In the meantime, the company filed to sell up to $1.25 billion worth of bitcoin under a new monetization plan to strengthen its cash reserves and pay preferred stock dividends. Microstrategy holds 847,363 BTC, with an average cost basis of $75,646. The value of this holding is approximately $64.1 billion, while its current market cap is about $50.8 billion. At the time the filing was submitted, bitcoin was trading below $60,000, the lowest level since October 2024. The company’s enterprise value (mNAV) first fell below the value of its bitcoin holdings on June 27, dropping to below 1.0, and signaled dilution concerns regarding potential future stock issuance used to fund bitcoin purchases.
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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.

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TransparentGlassFeather
· 06-30 19:06
Average cost 75k, now the price is inverted; selling coins to pay dividends is like cutting flesh to replenish blood. This script is familiar.
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FlamingoFacingJudgment
· 06-30 18:04
1.25 billion selling pressure, BTC just broke 60k and got hit head-on, holders are numb.
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0xLateAgain
· 06-30 17:50
Saylor, I don’t understand this move. Shout trade signals on one side while selling on the other—classic left hand to right hand.
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QuietValidator
· 06-30 17:22
The accumulation tracker is put out for retail investors to see; the documents are for the SEC. If you know, you know.
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