Strategy bought 1,550 Bitcoin(BTC) for about $101 million, two weeks after its first BTC sale since 2022. Key Points: Strategy lifted its Bitcoin treasury to 845,256 BTC after buying between
Strategy bought 1,550 Bitcoin(BTC) for about $101 million, two weeks after its first BTC sale since 2022.
- Strategy lifted its Bitcoin treasury to 845,256 BTC after buying between Jun. 1 and Jun. 7.
- The firm had sold 32 BTC in late May to cover dividends on STRC preferred shares.
- Michael Saylor and Phong Le pushed back against claims that the sale marked a strategy shift.
The company formerly known as MicroStrategysaid Monday that it bought the Bitcoin at an average price of $65,332 per coin between Jun. 1 and Jun. 7.
The purchase increased Strategy’s holdings to 845,256 BTC, while the firm also raised its cash reserve by $100 million to $1 billion.
The buy followed a rare sale of 32 BTC between May 26 and May 31, when the company received an average price of $77,135 and raised about $2.5 million.
Proceeds covered dividends on STRC preferred shares.
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Michael Saylor hinted at the move Sunday, posting the company’s orange dots chart and writing that it was “a good time to add more dots.”
He confirmed the purchase Monday, saying Strategy had increased its Bitcoin reserve to 845,256 BTC, while co-CEO Phong Le said the firm aims to increase net Bitcoin and Bitcoin per share over time.
Strategy funded the buy through at-the-market equity sales, selling about 1.41 million shares for roughly $181 million net.
The purchase reframed the May sale as a narrow treasury action. Strategy has built the largest corporate Bitcoin position through repeated purchases, even as Bitcoin traded Monday near $63,148, below its $75,680 blended cost basis.
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