Strategy's Saylor Defies Critics With New 'More Charts' Post as Bitcoin Battles for $60,000

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The current week was marked for Strategy by harsh industry criticism, while Bitcoin struggled for the $60,000 level . Ahead of the weekly close, when the asset was fixed near $60,102, Michael Saylor published a chart of the company's reserves on X with the caption "We're gonna need more charts," which some investors interpreted as a signal of new purchases. Advertisement However, the company's financial reporting points to a serious crisis in its business model. Strategy's main problem right now, according to the consensus, is its massive loss. The company holds 847,363 BTC, but it bought them at an average price of $75,653 per coin. With Bitcoin currently trading near $60,000, Saylor's unrealized loss exceeds $13 billion. HOT Stories Novogratz Names Key Reason Behind Bitcoin (BTC) Price Crash Will Bitcoin (BTC) Return to $60,000? XRP's Risks of Losing $1, Shiba Inu's (SHIB) Bearish Pressure Is Weakening: Crypto Market Review Because of this, Strategy's market capitalization has fallen to $29 billion, which is effectively 43% below the value of the Bitcoin on its balance sheet. Advertisement We’re gonna need more charts. pic.twitter.com/xVASOEnSw8 — Michael Saylor (@saylor) June 28, 2026 This imbalance has completely blocked Saylor's financial flywheel. Under the company's rules, it can issue new shares to buy cryptocurrency only when its market capitalization exceeds the value of the Bitcoin in reserve by at least 22%, meaning an mNAV multiple of 1.22x. Right now, this figure has fallen to 0.99x. This means issuing new shares is now unprofitable — it would simply dilute investors' stakes, and management is obliged under its own rules to stop purchases. Advertisement The situation is made worse by a lack of free cash. Preferred shares STRC have collapsed to a quarter below par, falling to $74.57, while the company's remaining dollar cash reserves of $1.4 billion, against annual obligations of $1.2 billion, are enough for only 14 months of dividend payments. Wall Street puts a $3 billion target on Strategy's Bitcoin Against this backdrop, institutional players are openly demanding Saylor's capitulation. Grayscale Head of Research Zach Pandl said Strategy should sell at least $3 billion worth of Bitcoin to cover short-term debt. Ripple CEO Brad Garlinghouse also criticized Saylor, saying his debt schemes harm the market by turning Bitcoin into a hostage of one corporation. Saylor himself insists that the company does not face liquidation as long as the asset's price stays above $8,000. However, the TradingView technical chart shows that breaking even will be difficult, as the main volume zones and resistance levels remain far above — at $67,098 and $75,682. You Might Also Like Sun, 06/28/2026 - 07:59 Strategy Urged to Sell $3 Billion Worth of Bitcoin By Alex Dovbnya The result of the week is clear: Saylor is trapped by his own rules, and his post about "more charts" looks more like an attempt to save face in front of investors. To resume real purchases, the company urgently needs Bitcoin to rise quickly back toward $75,000. But while the market is in no hurry to help Strategy, Saylor's new charts will only reflect a shrinking dollar reserve and growing debt. #Bitcoin #Michael Saylor #MicroStrategy #Bitcoin