Michael Saylor signals potential new Bitcoin buy as Strategy sits on $11B paper loss
On June 7, Strategy (NASDAQ: MSTR) executive chairman Michael Saylor posted the firm's Bitcoin accumulation chart, a move traders read as a hint the company could add to its BTC position. The signal comes as Strategy is carrying roughly $11 billion in unrealized losses while holding about 843,706 BTC, with an estimated average cost of $75,700 per coin.