‘Working better’ – Is Michael Saylor hinting at another Bitcoin purchase?

Michael Saylor of Strategy has once again hinted that the Bitcoin [BTC] treasury company plans to buy more BTC.  On the 31st of May, Saylor took to X and added a cryptic message that noted, 

Working Better.

Strategy’s Bitcoin portfolio

He also included a chart that shows that since 2020, the company has purchased 843,738 BTC through 110 transactions.

Rather than timing the market, Strategy continued buying even when Bitcoin traded above $100,000 and across both bull and bear phases. As a result, its average purchase price has risen to $75,701 per Bitcoin.

With the firm’s Bitcoin holdings valued at about $62.24 billion as of press time, the position was roughly 2.55% below its average purchase price, resulting in an unrealized loss of about $1.63 billion.

According to the data, despite the short-term market volatility, Strategy is still dedicated to its aggressive Bitcoin accumulation strategy.

This comes as Bitcoin’s price was trading at $72,880.74, following a 1.25% decline over the previous day. In addition, the price of MSTR’s stock was up 4.91% during that time, trading at $159.09.

Strategy’s profit-sharing percentage is concerning

According to Strategy’s profit/loss data, even though Bitcoin rebounded from its February–March lows toward $80,000, only 40–50% of holders were in profit, underscoring fragile sentiment. 

Despite the recovery, profitability peaked near 45–50% before slipping back to 40% at press time, showing that many investors who bought at higher levels remain underwater. With prices declining again, the shrinking share of profitable holders highlights shaky market sentiment and widespread unrealized losses. 

However, the crypto community still supported Strategy’s buying spree, as Adam Livingston noted, 

Strategy is buying about 1,822 BTC per trading day in 2026 so far….So yeah, at this pace, Strategy ends 2026 around 1.13 million BTC.

The ongoing chatter

This came while there were rumors that Strategy was going to sell because it had recently transferred 411.48 Bitcoin, which is worth $30.3 million, into Coinbase Prime. 

The rumors were further escalated as Strategy CEO Phong Le recently said, 

There may be a week-to-week or day-to-day decision that we should sell BTC because it’s accretive to our shareholders in the long term. We likely sell BTC at some point in time.

However, an X user dismissed these rumors and put it best when he said, 

Final Summary

• Michael Saylor makes another tease hinting at a fresh Bitcoin purchase for Strategy. 
• This tease also dismissed rumors around the potential sell-off by the firm in the near term.