Strategy, the world's largest corporate Bitcoin holder, signaled a potential Bitcoin purchase on June 7. Company Chairman Michael Saylor posted the firm's signature 'Orange Dot' chart on X with the caption 'A good time to add more dots.' The chart historically marks Strategy's Bitcoin acquisition points. The signal follows the company's disclosure on June 1 that it sold 32 BTC between May 26-31 at approximately $77,135 each, totaling around $2.5 million—its first reported sale after years of accumulation. Market attention intensified because Bitcoin volatility expanded after the sale became public, with prices briefly dipping below $60,000. Strategy has maintained a buy-the-dip strategy during Bitcoin price corrections over multiple years.
Saylor Posts Orange Dot Chart Signaling Bitcoin Purchase
On June 7, Michael Saylor posted Strategy's 'Orange Dot' chart on X, writing 'A good time to add more dots.' The Orange Dot chart displays points marking the company's historical Bitcoin purchase dates. Saylor has shared this chart before previous Bitcoin acquisitions.
Strategy Sold 32 BTC in Late May
Strategy disclosed on June 1 in a filing with the U.S. Securities and Exchange Commission (SEC) that it sold 32 BTC between May 26-31 at approximately $77,135 per coin. The total sale amounted to around $2.5 million. After the sale became public, Bitcoin experienced increased volatility and briefly traded below $60,000.
Company Holds 843,706 BTC with $10.5B Unrealized Loss
According to Strategy's website disclosure on June 8, the company holds 843,706 BTC with an average purchase price of $75,699. Total cost basis stands at $63.867 billion. Bitcoin traded at $63,219 on June 8 morning according to CoinMarketCap. At that price, Strategy's Bitcoin holdings are valued at approximately $53.3375 billion, resulting in an unrealized loss of approximately $10.5295 billion—a 16.49% loss relative to average cost basis. While the May sale represented a tiny fraction of total holdings, the market is watching for a new purchase disclosure this week.
FAQ
What did Michael Saylor post on June 7?
Michael Saylor posted Strategy's 'Orange Dot' chart on X on June 7 with the caption 'A good time to add more dots.' The chart marks the company's historical Bitcoin purchase dates.
How much Bitcoin did Strategy sell in late May?
Strategy sold 32 BTC between May 26-31 at approximately $77,135 per coin, totaling around $2.5 million. The company disclosed the sale in a June 1 SEC filing.
What is Strategy's current Bitcoin position as of June 8?
Strategy holds 843,706 BTC as of June 8 with an average purchase price of $75,699 and a total cost basis of $63.867 billion. At Bitcoin's June 8 morning price of $63,219, the holdings have an unrealized loss of approximately $10.5295 billion.
