MicroStrategy disclosed that its StrategyTracker chart posted on X on Sunday reflects a holding of 847,363 bitcoin, valued at $50.88 billion as of June 28 2026, after completing 113 purchase events with an average cost basis of $75,653 per BTC.
Acquisition Timeline
The visual chart overlays orange bubbles on the bitcoin price history, highlighting a surge of purchases throughout 2024 and 2025. The average purchase‑price line ascends steadily, indicating that investors have been willing to pay higher prices as the market rallied. Michael Saylor’s remark, “We’re gonna need more charts,” signals his intent to keep expanding the treasury’s bitcoin exposure.
Investor Sentiment
Ripple CEO Brad Garlinghouse affirmed his bullish stance on bitcoin but criticized the financing method employed by MicroStrategy, suggesting it has strained the broader crypto market. He pointed to the preferred stock that underpins the Strategy model, which recently sank to a record low, as evidence of market pressure. This commentary has amplified concerns among investors who track blockchain assets closely.
Stock Performance
MicroStrategy’s common stock slipped 8 % on Thursday, closing at $86, raising doubts about its capacity to meet upcoming dividend commitments. The company’s treasury, however, retains roughly ten months of dollar reserves to cover those obligations. Subsequent trading saw the share price dip to $82.31—a 3.54 % decline—while the STRC preferred stock hovered near $74.57 after a modest 1.48 % rise on Sunday.