# Michael Saylor signals another bitcoin buy as Strategy sits about $13 billion underwater

> **Newsylist Open Intelligence Dossier** · First detected: 2026-06-28 21:13 UTC · Category: Business · Sources: 12 · Current Velocity: 27.71

## Executive Summary
Michael Saylor's MicroStrategy signals potential another bitcoin buy amid $13B loss

## Intelligence Brief
MicroStrategy is considering another bitcoin purchase. The company's current situation is emphasized in coverage, with its stock price and valuation significantly impacted.


MicroStrategy has announced a digital credit capital framework, USD reserve policy, and stock repurchase authorizations. The company's plans include selling up to $1.25 billion of bitcoin and establishing a $1B digital credit repurchase program.

## Verified Facts & Key Claims
### What is MicroStrategy's current situation with bitcoin?
MicroStrategy's bitcoin holdings are valued at approximately $13 billion underwater.

### What new plans has MicroStrategy announced?
MicroStrategy has announced a digital credit capital framework, USD reserve policy, stock repurchase authorizations, and plans to sell up to $1.25 billion of bitcoin.

### What is the significance of MicroStrategy's USD reserve?
MicroStrategy's USD reserve has topped $2.5B.

## Key People, Organizations & Locations
USD, Strategy, Michael Saylor, Strategy Announces Digital Credit Capital Framework USD Reserve Policy STRC Dividend Policy Digital Credit and MSTR Repurchase Authorizations and BTC Monetization Program, Turnaround Plan Includes Stock Buyback Bitcoin Sales and More Reserves, Strategy Says It May Sell Up, Billion of Bitcoin, More Than Half Of All Bitcoin In Circulation Is Now Underwater

## Multi-Source Evidence Table
| Source Outlet | Headline | Published (UTC) | Verification URL |
|---|---|---|---|
| The Block | Strategy pauses bitcoin buys, establishes $1B digital credit repurchase program as USD reserve tops $2.5B | 2026-06-29 14:27 | [Source Link](https://news.google.com/rss/articles/CBMiogFBVV95cUxOQnM2SlRDaGpMbUdpTElBWDlGanZ0RFpWU1NzSS1mV20tTk5ENVJzbkNOa3lNVUx1blNYbktCeG81NnRsa0VZUTNCZy05bDY4NjdPTmZvMXJkUXBpaExBekx4NVhvbkFXN2J2VUZpVE04cWtuTlU1M2RpcUt4NkRlS21lLWh5U21SN1RLWTJCMTFHbldqY1E4U0Z6SHliYjZHemc?oc=5) |
| CoinDesk | Strategy authorizes bitcoin sales under new monetization framework | 2026-06-29 14:27 | [Source Link](https://news.google.com/rss/articles/CBMiygFBVV95cUxOWEZSR1dlTzNMUDlaQjlaNE9iU0l4NU5FeU85bTNQZjlmSUZpRjJPbVVHSUpEZjlibTdoTS1WZk5Vd182eVM1NDVQejhnb0EtSjZjOHFKWVlFRE5Ta1ppN214RDhNR2FwQV91SlAzV3R5czRlRmlFUjRpanRwNy01QjVxSEhiS0FQbUZsYUFfblN5NExIUVBKelVockdSNzJsakZaQzhienBTNWJzZzRlWmw1Qk9OdUJZWS1PY3BQUjZDYW40RF9HcURn?oc=5) |
| Strategy | Strategy Announces Digital Credit Capital Framework, USD Reserve Policy, STRC Dividend Policy, Digital Credit and MSTR Repurchase Authorizations, and BTC Monetization Program | 2026-06-29 14:27 | [Source Link](https://news.google.com/rss/articles/CBMimAFBVV95cUxONjlXTkY1bHZnMU5Vb0Y1OHBQWHlJdWJ5VEN5LUcydnJkblNiNTEtTDFRbFVzNHhzMkNsSjVSaF9yUUtWY2RhQXNwb3hWV0loVVdSTnlUU1p4ZWRHT0RTblhrLWZrQWpXcUlicTVSUHlqd0Y1SE9yR21jbW9Wb253Z0N3bFpxWm80YVppVFdCMUdZUG1iZ3Q0bA?oc=5) |
| WSJ | Strategy’s Turnaround Plan Includes Stock Buyback, Bitcoin Sales and More Reserves | 2026-06-29 14:27 | [Source Link](https://news.google.com/rss/articles/CBMixwFBVV95cUxPNHo1TVU4Q19RTWxZcVdqYjFyemNoWmtaN1ZNd1FIR3d4T0Q4U0czamw3TVNzNFNGYTFYUW5iYWMzVUoxR1dUbDFaQ0ZPOEg4UmdWQ1lvekd3WG9TNXNJdGhaeWdrcGlWd0ZUdGt6djZVVk1acnpYOXNiSGZ1Z25EXzVjRnplQW5oQkY4RlBkWjBVNFZFYjJvelVzTU5HSmtmTEpWdmM0QVlwTHhPTjBMQXRPWlRadGx6OGdWM0dEa1RXRS0xaktB?oc=5) |
| Bloomberg.com | Strategy Says It May Sell Up to $1.25 Billion of Bitcoin | 2026-06-29 13:04 | [Source Link](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQUUM4UVFyX0RMMHE4NnljdDJKT0tiVVdZcFZqemNLeXRqNUxqLUd0TGFCLXpkZXpJS0ozcWwyV3BaTDJDT1JtR2dWU1ZTZG1vbW9iWFFzMWpKYndjLWUxbGs2MG1qNm5OMjY5NlkxdDFFNEs5d0xxUXVWR0FKRWd6QjM4V2xkWTU4VXE5cWE2SG9jR0d1X3dxSndtNW0tQXJfUnpUUXQtbks5eGM?oc=5) |
| Hedgeye | More Than Half Of All Bitcoin In Circulation Is Now Underwater | 2026-06-28 16:13 | [Source Link](https://news.google.com/rss/articles/CBMiywFBVV95cUxQbVdMN09rTjJsLUlQemVWdE1TcGs3ZXBCWGtqYXU4cE05aENNQVJiRUxfU0M2TUNaXzA4RmJ4WmNBQ2tfQTBydlVVQ25uUUw4NDFwSjJETjlpbDJ6X3czTmNqVlVvMGlWWWI4YWJ2MDZ5U1kzMkpDWGFKWGxHZFFNUDc2WElPUEFtYTRoUGJ2cHpReG1FYzBDaUxpbEZiN0g4OTFsMkd6MjBQc0dNendFVWdGYmNfV0cxNVdjbUdKbW1faFNRSmNHVXJuTQ?oc=5) |
| Bitcoin Magazine | Michael Saylor Responds To Scrutiny As Strategy Shares And STRC Hit 52-Week Lows | 2026-06-28 16:13 | [Source Link](https://news.google.com/rss/articles/CBMif0FVX3lxTE5VVWxmSlJDNXp0OHlaUE9GcXJ3ZEU3eVVMWUtPOUsxSDZjYVl3V3Z0VVB5SFVfZ3NhLVhZQU41UFFmdU9wa2dwLUZ5WHgxOHZoM3FWek1KcE1JSWhLd2RtVDAtbjNMa2FULXp6WnFEaHViVXh5cjhmRVhrS1k3R1U?oc=5) |
| Yahoo Finance | Who Actually Pays When MicroStrategy’s $64 Billion Bitcoin Bet Goes Wrong? | 2026-06-28 16:13 | [Source Link](https://news.google.com/rss/articles/CBMipgFBVV95cUxPX0pycGxxbzJqMXpMV0RXUzRlcmRPUGlqVWdoWUxqMVNIZ0lndTFlT1g3MFVfSFk0THA5T3l4WHlpOXlOaW9FYTdITU1DQVhCb0wtc2RtTHJfUnZGcmVhcmdGTEtRblk5ZXNnZWRoOVpCMjB0d3VNS0duUDM2Q2xEVkZUSEZPSHlmODN6aW5MV3Itd2pwMUVOeVBWVHhSZ04tOXdMNVVR?oc=5) |
| The Motley Fool | Strategy Just Fell Below $100 for the First Time Since Early 2024. Is MSTR a Buy, Sell, or Hold Right Now? | 2026-06-28 16:13 | [Source Link](https://news.google.com/rss/articles/CBMimAFBVV95cUxNUGVrWXlRNi1KTWFldVczYmZOMEdSSnZmQWZXdFBMRjlHb0xtSTFnc1ZEamxqV3E4dnRQSzVzT0htYWJiOUg2UHZnN2V4SXY5V0hOVUVRUGZwS3EwbFJnU1oydE4tTmdyU04wdzBwUkdzMlAwRExBTHBxTmp5U2trNllFdHBQc25ycFp5NldLRDQ5OUhERkdocQ?oc=5) |
| Fortune | The sell-off in Strategy’s preferred stock has investors questioning everything | 2026-06-28 15:04 | [Source Link](https://news.google.com/rss/articles/CBMiogFBVV95cUxOMkNVelFETFo1bFd1Mlp6dmRNSXV6MVBlTXZ3anNzVWl3cUpNWlAzWHprQnJrQlpUeDlnb0RxQnpUWnVjdTYtLVNiTmYxYXoxV3d1Z1c3Ri1rRUpNZDN5V0tDSkE2bHNKd292cmZMcUZFUnhCZzBrMnpVR3J6cFVtTTNjZ0pNT0hkS3JuMkt6eHA3R3R4VDQ4Qm9UNXFZTEhTR2c?oc=5) |
| Reuters | Strategy's valuation falls below bitcoin holdings as crypto sentiment sours | 2026-06-28 15:04 | [Source Link](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNZk42eF9xeEpsNF93b3l1Ul9OUlplNEs3VnJwUjB4bjAwTnRXQWxLOWRsc2lQYURsWEFBZDZQdUtGZnhSeDA3cVBXM01RTHV4MW56dnhkMkl5Sk5qeEZMbThmUWlVOEdBQXduaUVYLVNSTGhkakdleUFaYmVNemxCajdfTmZPNHlRWFZWX2ZnWEhsYjZiNGpKOTZfVkRDaFdTcDEwUFRPWEtoSDlMcW1oTFFFcTAwVDhoRlM1R0tQZElGQQ?oc=5) |
| PYMNTS.com | Strategy Valuation Drop Threatens Key Bitcoin Funding Engine | 2026-06-28 15:04 | [Source Link](https://news.google.com/rss/articles/CBMipwFBVV95cUxNM2d1WE16eUtEbWNCSDR1N3N2d3ZpT0tmZ3ZKNE04LTBSV01yN05QYU10Z01FWGk5SFVnZGhrMXVMdmFJVHFzYmtXYXBYQkF6eG1RTnh4YUJxUk1LRExucmMtck9Xb2dYbjdnRGh1akFad00tbnpYLUNKRDZibk9rU2hGVGVocTIwZFVOMlJ2RC1FUTktUXN2WkVmRzVCYWFtdDk4YTlkMA?oc=5) |

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