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Edition 2026-06-29

CRYPTO

Michael Saylor Indicates Further Bitcoin Purchases as Strategy Stock Declines

Michael Saylor indicated that Strategy will pursue additional bitcoin purchases, even as the firm's stock fell 8% to $86 on June 28, 2026.

By coindesk · 59d ago · Source: coindesk

Full article

Michael Saylor indicated that Strategy will pursue additional bitcoin purchases, even as the firm's stock fell 8% to $86 on June 28, 2026.

As of June 28, Strategy holds 847,363 bitcoin valued at approximately $50.9 billion, based on an average purchase price of $75,653 per coin across 113 transactions.

The stock decline followed concerns about the company's funding model and its obligation to pay dividends on its preferred stock, STRC, which is currently priced at $74.57, up 1.48% on Sunday. Ripple CEO Brad Garlinghouse said the funding approach could harm the broader cryptocurrency market, while Saylor's treasury said it has enough dollar reserves to cover about ten months of dividend payments.

The company has not announced a specific schedule for future purchases, and the relationship between its dividend obligations and bitcoin accumulation remains unresolved.

Source transparency

Publisher
coindesk
Reliability
high
Published
6/29/2026, 10:00:36 AM
Retrieved
6/29/2026, 10:00:36 AM
Relevance
80%
Confidence
85%
Read original at coindesk

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