Strategy — the corporate Bitcoin giant formerly known as MicroStrategy — bought 1,550 BTC for about $101 million between June 1 and 7. The purchase comes just two weeks after the company sold 32 BTC, its first Bitcoin sale since 2022, which had briefly raised questions about a possible shift in approach. The net effect: Strategy added 1,518 more coins to its vault over the period, boosting total holdings to 845,256 BTC.
Why the sale spooked no one
The earlier sale of 32 BTC raised roughly $2.5 million at an average price of $77,135. Proceeds went directly to cover dividends on STRC preferred shares. That's a rounding error — the sold amount represented just 0.0038% of Strategy's holdings. Co-CEO Phong Le said the goal remains increasing net Bitcoin and Bitcoin per share over time. The tiny sale was tied to a dividend obligation, not a strategic pivot, and MSTR shares slipped only briefly afterward. The new buy quickly cooled any chatter of a change in direction.
Buying below cost basis — again
The latest purchase averaged $65,332 per BTC, roughly $11,800 below the sale price and well under Strategy's blended cost basis of $75,680. That leaves a paper loss on the overall stash, but the company has never flinched at buying into dips. Funding came mainly through at-the-market equity sales: Strategy sold about 1.41 million shares for roughly $181 million net during the period. It also raised its cash reserve by $100 million to $1.0 billion.
A good time to add more dots
Michael Saylor posted a chart of Strategy's Bitcoin holdings on June 7 with the caption 'a good time to add more dots' — a line that has preceded nearly every purchase for over a year. The move is as much a branding signal as a treasury action. Strategy remains the largest corporate Bitcoin holder by a wide margin.
Dividend schedule in focus
STRC shareholders recently voted on shifting to semi-monthly dividends. If approved, the first payment under the new schedule could arrive July 15. That recurring obligation may require occasional minor sales similar to the 32-coin sale, but nothing that would dent a position of over 845,000 BTC. For now, the buy-and-hold script hasn't changed.
