According to a federal ethics filing posted on September 22, President Donald Trump's stock accounts sold MicroStrategy shares in June and early July, then made significant purchases in July. The stock has since climbed approximately 83% from its July lows, as reported by Quiver Quantitative which tracks politicians' trades. The selling began on June 23-24, with accounts disposing of shares worth $16,000 to $65,000 combined, just as the stock hit its lowest point of $81.81 during summer trading.
The new Office of Government Ethics report covering 1,156 trades from July shows the buyback strategy. Accounts purchased $1,001 to $15,000 worth of stock on July 24 and $50,001 to $100,000 on July 27, according to Bitcoin Treasuries. MicroStrategy closed at $91.67 on July 24 and reached $167.33 by September 22, as reported by StockAnalysis. The larger July 27 purchase, made at a $98.65 close, is currently up about 70%.
Executive Chairman Michael Saylor posted another Bitcoin chart on Sunday with the caption 'Even more orange', indicating potential new Bitcoin purchases. As reported by BeInCrypto, similar orange charts have often preceded company Bitcoin purchases, with Saylor's previous 'a little more orange' post leading to a 950 BTC buy worth approximately $76 million at $79,670 per coin. This brought MicroStrategy's total Bitcoin holdings to 846,000 BTC. However, the company also sold 6,916 BTC between June 30 and August 10, and spent $174 million buying back STRC preferred shares last week, more than twice what it spent on Bitcoin.
As reported by Bitcoin Treasuries, MicroStrategy is the largest company holder of Bitcoin, making its shares sensitive to cryptocurrency movements. Bitcoin currently trades near $84,974, up 1% over 24 hours and approximately 13% above MicroStrategy's average cost of roughly $75,416 per coin. The company's stock trading averaged $1.7 billion per day in July, the lowest of 2026, according to company data. The Trump Organization states that outside firms manage the accounts, with neither President Trump, his family, nor The Trump Organization playing any role in selecting investments.
