Strategy Buys 1,550 Bitcoin For $101.3 Million After Selling 32 BTC

Strategy (formerly MicroStrategy) bought 1,550 bitcoin for $101.3 million last week at an average price of $65,332 per coin, according to a Securities and Exchange Commission filing described by Forbes.

Forbes said the purchase came roughly a week after Strategy disclosed it sold 32 bitcoins to raise about $2.5 million, its first such sale since December 2022, and that the announcement amplified bearish sentiment as bitcoin’s value fell below $60,000 for the first time since October 2024.

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The Blockhead Research Network’s Timothy Misir said last week ranked “among the worst weeks of the decade,” pointing to bitcoin’s “falling 12.6%” and “more than $5.7 billion in long positions” liquidated over seven days.

In the same reporting, Strategy’s latest buy was tied to a cash increase, with the company saying it raised its cash reserve by $100 million to $1 billion after the earlier sale.

Forbes reported Strategy’s total bitcoin holdings at 845,256 BTC, aggregated at a market value of $63.9 billion, or about $75,680 per token, based on Strategy’s disclosure.

Forbes said Strategy funded the 1,550-bitcoin purchase through $181 million in stock sales, and that the company’s shares rose 3.8% as of Monday morning.

The Defiant reported Strategy purchased 1,550 bitcoin for $101.3 million between June 1 and 7, one week after its first BTC sale since 2022, and said the company’s cash reserve reached $1 billion as of June 7 according to the filing.

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The Defiant also said the 1,550 coins were acquired at an average price of $65,332 each, and that Strategy’s total bitcoin holdings now stand at 845,256 BTC, bought at an average of $75,680 per coin.

Forbes added that bitcoin rose as high as $63,926 early Monday, up as much as 8% since hitting a recent low of $59,159 on Friday.

In the same set of reporting, CryptoRank said the purchase was funded after a $181 million equity raise and an increase in cash reserves to $1 billion, bringing the treasury to 845,256 BTC.

The Defiant said the June 1 sale of 32 BTC for roughly $2.5 million was the first bitcoin-native disposal since a December 2022 tax-loss harvest, and it described public pushback from portions of the Bitcoin community who viewed it as a departure from Strategy’s hold posture.

“Risk assets broadly bounced on Monday following Friday's shellacking, but slipped from session highs during afternoon hours”

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In Forbes’ framing, the rare sale and the subsequent dip in bitcoin’s value below $60,000 for the first time since October 2024 helped drive “bearish sentiment for the crypto market,” even as bitcoin later rebounded to $63,926 early Monday.

CryptoRank reported that Strategy executive chairman Michael Saylor confirmed the company bought 1,550 BTC for approximately $101 million, and it quoted his post on X featuring Strategy’s Bitcoin acquisition tracker with the message, “A good time to add more dots.”

Sherwood News reported that Strategy closed voting on its proposed switch from monthly to semimonthly dividends for STRC, with July 15 named as the first payment date under the new cadence if approved.

In the same Sherwood News account, Daniela Hathorn said resilience after the latest exchange of strikes between Iran and Israel stems from bitcoin having already undergone a significant correction over recent weeks, while Paul Howard told Sherwood that “this rally is unlikely to prove sustainable” given CME BTC volatility around 50.