Strategy co-founder and executive chairman Michael Saylor posted a bitcoin acquisition tracker chart to X on Sunday morning with the caption 'A good time to add more dots,' a signal historically preceding the company's bitcoin purchase disclosures. The post explicitly positions current price levels as attractive, with bitcoin trading in the low $60,000 range. Strategy held 843,706 BTC at an average purchase price of $75,699 as of May 31, a position worth roughly $52.2 billion at prevailing prices, representing an unrealized loss of roughly $11.7 billion, or about 18%.
Saylor posting the 'orange dots' graphic has historically preceded a Monday 8-K filing confirming that Strategy acquired BTC the preceding week. The framing this time goes further than the usual nod toward another buy, in that it explicitly positions current price levels as attractive.
Strategy Holds 843,706 BTC With $11.7 Billion Unrealized Loss
According to Strategy's latest disclosure, the firm held 843,706 BTC at an average purchase price of $75,699 as of May 31. The position is worth roughly $52.2 billion at prevailing prices. The company is sitting on an unrealized loss of roughly $11.7 billion, or about 18%.
Strategy Sold 32 BTC Between May 26 and May 31
Sunday's signal is the first such post since Strategy disclosed on June 1 that it had sold 32 BTC between May 26 and May 31, marking its first bitcoin sale since late 2022. The sale returned roughly $2.5 million at an average net price of $77,135, with proceeds earmarked for the dividend on STRC, Strategy's variable-rate perpetual preferred stock.
The sale represented just 0.004% of the firm's overall holdings. The sale drew criticism from investors who found it conflicted with Saylor's typical 'never sell' posture. Saylor told interviewers in early May that Strategy would buy '10 to 20' bitcoin for every coin it sells.
If this week's signal precedes a disclosed purchase at current prices, Strategy would be adding more at roughly 20% below the $77,135 average net price from the May 26-31 sale.
Bitcoin Trading at $61,900 After U.S. Spot ETF Outflows
Bitcoin fell below $61,000 last week after dropping on Friday's stronger-than-expected May jobs report. U.S. spot bitcoin ETFs recorded 13 consecutive sessions of net outflows through early June, the longest stretch since the funds launched. A brief $3 million net inflow on June 4 ended the streak before redemptions resumed on June 5 with $325.7 million in outflows, per SoSoValue data.
Bitcoin is currently trading at about $61,900, a 1.8% increase over the past 24 hours.
Strategy's USD Reserve Stood at $900 Million as of May 31
The firm's USD reserve stood at $900 million as of May 31, down from roughly $2 billion before May's repurchase of $1.5 billion in 2029 convertible notes. Strategy raised $128.3 million through its MSTR at-the-market program in the week ending May 31, with no STRC issuance disclosed.
The post lands one day before Strategy's June 8 annual meeting, at which voting closes on a proposal to shift STRC dividend payments from monthly to twice monthly. The company has said retail shareholders hold roughly 80% of outstanding STRC shares.
FAQ
What did Michael Saylor post on Sunday morning?
Michael Saylor posted a Strategy bitcoin acquisition tracker chart to X on Sunday morning with the caption 'A good time to add more dots,' a signal historically preceding the company's bitcoin purchase disclosures.
How much bitcoin does Strategy hold as of May 31?
Strategy held 843,706 BTC at an average purchase price of $75,699 as of May 31, a position worth roughly $52.2 billion at prevailing prices, representing an unrealized loss of roughly $11.7 billion, or about 18%.
How much bitcoin did Strategy sell between May 26 and May 31?
Strategy sold 32 BTC between May 26 and May 31 at an average net price of $77,135, returning roughly $2.5 million with proceeds earmarked for the dividend on STRC, Strategy's variable-rate perpetual preferred stock.
