Strategy bought 1,550 bitcoin between June 1 and June 7, spending $101.3 million, according to an SEC Form 8-K filed Monday. The purchase comes one week after the company sold 32 BTC — its first sale since 2022 — and leaves Strategy with roughly $1 billion in cash on hand.
First sale in four years, then a big buy
The 32-bitcoin sale the prior week was a blip — less than $2 million at current prices — but it marked the first time Strategy had sold any of its hoard since 2022. The company didn't explain the sale in the filing. The buyback this week more than offsets it: 1,550 BTC is the largest weekly addition since the firm's March 2026 accumulation spree.
Cash pile crosses $1 billion
After the transaction, Strategy's cash reserve reached $1 billion, the 8-K shows. That's a lot of dry powder for a company that has made bitcoin its core treasury asset. The timing isn't trivial: bitcoin prices have been volatile this spring, and a billion-dollar war chest gives Strategy room to keep buying through dips — or to pivot if the board decides to sell again. So far, they've shown no appetite for the latter.
What the filing says
The Form 8-K, filed with the SEC on June 8, discloses the purchase under Item 8.01 — other events. Strategy didn't name the counterparty or the average price, but the $101.3 million price tag implies an average cost of roughly $65,355 per bitcoin. The company now holds over 220,000 BTC in total, making it the largest publicly traded corporate holder of the cryptocurrency.
Strategy's next quarterly report is due in mid-August. Investors will be watching for any change in the company's buy-and-hold rhetoric — especially after that rare sale last week. For now, the signal from the 8-K is clear: the billion-dollar cash pile is there to be spent, and the board is willing to spend it fast.
