Strategy adds 520 BTC, analyst Says Saylor is “Addicted to Bitcoin”

Quick Take:

• Strategy (MSTR) sold off a massive 2.714 million MSTR stocks for $335.5 million and bought 520 BTC for 35 million.
• With this, the Strategy also increased its USD reserve by $300 million to $1.4 billion.
• A well-followed crypto analyst noted that Saylor is addicted to buying BTC at any cost.
• Since May 11, 2026, MSTR has fallen 43.86%, whereas BTC has witnessed a fall of 21.30% during the same period.

No matter what, I will buy Bitcoin (BTC) at every dip, that appears to be the approach of Strategy (formerly MicroStrategy) founder and chairman Michael Saylor. Given this current mindset of Saylor, a well-followed analyst now questions Saylor's Bitcoin strategy as the firm continues to sell off MSTR shares for the third week.

Besides these questions, on June 22, 2026, the chairman shared a report on X, while noting that the firm had increased its USD reserve by $300 million to $1.4 billion.

The report also disclosed that during the period of June 15 to June 21, 2026, the Strategy sold off a massive 2.714 million MSTR stocks and raised $335.5 million.

Despite massive fundraising through MSTR sell, the Strategy acquired 520 BTC worth $35 million and increased its Bitcoin reserve to 847,363 BTC.

In the post on X, the analyst noted that there may be two reasons why Saylor is diluting MSTR share because: he is addicted to buying BTC at any cost, or he is chasing a target, perhaps to please an analyst or a rating agency.

The analyst further added that when MSTR trades under its MNAV (Market Net Asset Value), every share sale and Bitcoin purchase reduces BTC per share.

Strategy (MSTR) and Bitcoin (BTC) Comparison

Today, MSTR declined 2.02% and was trading at $110.23, while BTC climbed a modest 1.15% and was trading at $64,750.

Looking at both MSTR and BTC over a longer period (since May 11, 2026, the day both began to fall), it appears that MSTR has fallen 43.86%, whereas BTC has witnessed a fall of 21.30% during the same period.

MSTR approaches a make-or-break level

The daily chart of MSTR on TradingView suggests that the asset is in a strong downtrend and is approaching a key one of the key support level near $102. A level that acted as a key floor for MSTR since March 2024.

Meanwhile, the price below the 200-day Exponential Moving Average (EMA) further reinforces MSTR's bearish trend and suggests that bears remain in control.

Based on the current price action, a potential recovery in MSTR may only be possible if the asset’s price remains above the $102 key level. If it does, it could see a strong price recovery.

On the other hand, if MSTR fails to sustain this level and falls below the $102 level, it could see a sharp decline and may reach the next support level at $67.66.

BTC chart eyes potential 7.60% upside move

Whereas BTC’s daily chart on TradingView shows the same bearish trend, but the short-term market bias seems to be shifting towards the bullish side. The factor that seems to be driving this potential shift is BTC's price breaking above the key resistance level of $64,400.

Based on the current price action, if BTC price closes a daily candle above the $64,400 level, it could open the door for further upside moves. If it does, the asset could see a price uptick of 7.60% and may reach the $70,000 level.

At press, the technical indicator Average Directional Index (ADX) stood at 35.04, above the key threshold of 25, indicating a strong trend of the BTC, which further reinforces the BTC short-term outlook.