Strategy Adds $101.3 Million in Bitcoin After Last Sale and Market Pullback

Key Takeaways:

• Strategy purchased an additional 1,550 BTC worth 101.3 million, bringing its total holdings to 845,256 BTC. 
• The latest purchase comes shortly after the company sold 32 BTC, which was followed by a sharp pullback in Bitcoin’s price. 
• Despite accumulating more Bitcoin, Strategy’s holdings currently imply around $10.5 billion in unrealized losses based on the company’s average acquisition price. 

Michael Saylor’s Strategy has resumed its aggressive Bitcoin accumulation strategy and acquired 1,550 Bitcoin. The company purchased the recent round of Bitcoin for $101.3 million between June 1 and June 7. The purchase was made at an average price of $65,332 per Bitcoin, according to a filing with the U.S. Securities and Exchange Commission. The latest acquisition increases Strategy’s total Bitcoin holdings to 845,256 BTC, valued at roughly $53.5 billion at current market prices. 

The company has spent about $64 billion to build its position, with an average acquisition cost of $75,680 per Bitcoin. 

Big Purchase After Notable 32 BTC Sale

The new purchase comes against the backdrop of Strategy’s previously reported sale of 32 Bitcoin, a rare move from one of Bitcoin’s most outspoken advocates. While the transaction represented only a tiny fraction of the company’s holdings, it attracted significant attention across crypto markets. 

Not after that sale, Bitcoin experienced a notable correction, prompting speculation among market participants about whether the move had coincided with a local market top. Although there is no evidence linking the sale to the subsequent decline, the timing became a widely discussed topic among traders. 

Strategy Continues to Raise Capital

To fund its latest purchase, Strategy sold approximately 1.4 million MSTR shares for $181 million through its at-the-market stock offering program. The company still has nearly $26 billion in remaining issuance capacity under the program. Strategy also increased its cash reserves to $1 billion from $900 million a week earlier, signaling that it continues to maintain liquidity while pursuing its long-term Bitcoin accumulation strategy despite ongoing market volatility. 

Despite accumulating more Bitcoin, Strategy’s holdings currently imply around $10.5 billion in unrealized losses based on the company’s average acquisition price.