Strategy, the corporate Bitcoin heavyweight, disclosed Monday that it purchased 1,550 BTC for $101.3 million last week — and sold a tiny slice of its stash to fund dividend payments. The moves, detailed in a June 8 SEC filing, keep the firm firmly atop the list of public companies holding the asset, with roughly 845,000 Bitcoin now on its books.
The $65,332 average entry
The buy-in came at an average price of $65,332 per coin, according to the filing. That's above where Bitcoin currently trades — the token was hovering near $63,800 Monday after a brutal week that knocked nearly 11% off its value. Over the past month, Bitcoin has shed more than 20%. The $60,000 level has emerged as a key support zone, lining up with the asset's long-term 200-week moving average, a level that's historically triggered buying during major downturns.
A small sell-off for obligations
Strategy didn't just accumulate. It also sold 32 BTC for roughly $2.5 million, using the proceeds to cover corporate obligations including preferred-share dividend payments. The sale is a rare reversal for a firm known for its relentless accumulation strategy, but the amount is negligible relative to its total holdings — less than 0.004% of its Bitcoin stockpile. The timing isn't great for optics, but the company likely had little choice: dividends don't pay themselves.
Futures open interest collapses
Meanwhile, the broader market shows signs of serious deleveraging. Bitcoin futures open interest dropped from 901,000 BTC to 716,000 BTC, reflecting widespread liquidation of leveraged positions. A single sharp price move triggered over $500 million in short liquidations, briefly lifting the market before it settled back near current levels. The data suggests the recent sell-off has been driven by forced unwinding rather than a fundamental shift in long-term sentiment — at least among holders like Strategy.
With Bitcoin now testing a level that aligns with its 200-week moving average, traders are watching whether $60,000 holds. A break below could accelerate losses; a bounce would reinforce the zone as a floor. Strategy's filing shows it continues to bet on the asset through the downturn, but the company's small sale also reminds investors that even the most committed hodlers have bills to pay.
