Strategy Buys 1,550 BTC, Reserve Rises to 845,256

Strategy bought 1,550 Bitcoin between June 1 and June 7 for about $101 million, two weeks after selling 32 BTC between May 26 and May 31. The purchases increased the company’s Bitcoin reserve to 845,256 BTC.

The June purchases averaged $65,332 per coin. The earlier 32 BTC sale averaged $77,135 and generated roughly $2.5 million. Over the two-week span the company recorded a net increase of 1,518 BTC.

Strategy disclosed the buy on Monday. CEO Michael Saylor posted the company’s orange-dots chart on the firm’s social account with the caption “a good time to add more dots” and confirmed the acquisitions. Co-CEO Phong Le reiterated the company’s aim to increase net Bitcoin and Bitcoin per share over time and described contrary reports as rumors.

The 32 BTC sale, executed May 26–31, was Strategy’s first Bitcoin sale since 2022 and was reported in an 8-K filing as covering dividends on the company’s STRC preferred shares. The sale represented about 0.0038% of the company’s holdings.

Strategy reported it funded the June purchases mainly through at-the-market equity sales, raising roughly $181 million net by selling about 1.41 million shares. The company also increased its cash reserve by $100 million to $1 billion.

On Monday Bitcoin traded near $63,148, up about 1.3% over 24 hours but below Strategy’s reported blended cost basis of $75,680 per bitcoin, leaving the treasury at a paper loss at current prices. MicroStrategy remains the largest corporate holder of Bitcoin.

STRC shareholders completed a vote on switching to semi-monthly dividends; if approved, the first payment under the new schedule could arrive July 15.

Strategy has repeatedly used at-the-market equity sales to fund Bitcoin purchases over several years. Saylor’s weekly chart posts have frequently preceded the company’s purchases.