Saylor Hints at More Bitcoin Buying as Strategy Stock Keeps Falling

Michael Saylor, the well-known bitcoin enthusiast and chairman of the company Strategy, is hinting that his firm will keep buying more bitcoin — even though the company's stock price keeps dropping.

Saylor shared a chart on social media (platform X, formerly Twitter) showing just how much bitcoin his company already owns. Strategy is one of the biggest corporate holders of bitcoin in the world, and Saylor seems determined to add even more.

Here are the key numbers as of June 28, 2026:

• 847,363 bitcoin owned, worth about $50.9 billion
• Bought across 113 separate purchases
• Average price paid: $75,653 per bitcoin (this is called the "cost basis" — the average amount spent to buy each coin)

But not everyone is impressed. Strategy's stock (called MSTR — a "stock" is a share of ownership in a company) has been falling. It recently dropped to around $82, and another type of Strategy investment called STRC (a "preferred stock" — a special kind of share that pays regular cash payments to investors) also fell to record lows.

The main worry? Investors are concerned about how Strategy pays for all this bitcoin and whether it can keep up its "dividend obligations" (regular cash payments promised to certain shareholders). The good news for the company is that it reportedly still has enough dollar reserves to cover about 10 more months of those payments.

Even Brad Garlinghouse, the CEO of crypto company Ripple, weighed in. He said he still likes bitcoin, but believes Saylor's aggressive buying style has actually hurt the wider crypto market.

In short: Saylor remains a die-hard bitcoin believer and wants to keep buying, but his company's falling stock price shows that many investors are nervous about the risks of betting so heavily on one asset.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/markets/2026/06/28/michael-saylor-teases-more-bitcoin-buying-even-as-strategy-stock-continues-to-fall