Strategy has returned to Bitcoin accumulation one week after selling a small part of its holdings.
Summary
- Strategy bought 1,550 Bitcoin after selling 32 BTC, restoring its holdings above 845,000 coins again.
- The company raised its dollar reserve to $1 billion, easing near-term concerns over preferred dividends.
- Bitcoin still trades below Strategy’s $75,680 average cost, leaving its treasury with large unrealized losses.
The company bought 1,550 BTC for $101.3 million between June 1 and June 7, paying an average of $65,332 per coin.
The purchase raised Strategy’s total reserve to 845,256 BTC. Its latest filing also showed that the company increased its U.S. dollar reserve by $100 million to $1 billion.
Strategy resumes Bitcoin purchases after 32 BTC sale
The purchase follows Strategy’s sale of 32 BTC between May 26 and May 31. That disposal raised about $2.5 million and marked its first reported Bitcoin sale since December 2022.
The sale represented only 0.0038% of Strategy’s holdings, but it raised questions about future disposals. Michael Saylor later wrote that it was “a good time to add more dots,” although the post did not confirm the size or timing of another purchase.
Moreover, Strategy said it funded the latest Bitcoin purchase with proceeds from its at-the-market share program. The company sold 1,409,600 MSTR shares during the week and raised $181 million after commissions.
The filing showed no sales of STRC, STRK, STRD or STRF preferred stock during the period. Strategy still had about $25.96 billion available under its MSTR programs and $17.51 billion under the STRC program.
Dollar reserve rises to $1 billion
Strategy also rebuilt its dollar reserve to $1 billion as of June 7. The balance includes expected proceeds from ATM shares that had not settled by that date.
The company created the reserve to support preferred-stock dividends and interest payments. Its latest move follows concerns raised by JPMorgan that a smaller cash buffer could increase pressure to use Bitcoin for future obligations.
Bitcoin price leaves Strategy below average cost
Strategy has spent about $63.97 billion on its 845,256 BTC at an average price of $75,680. Bitcoin traded near $63,600 during the latest update, placing the market value of the position near $53.8 billion.
That leaves the holding with an unrealized loss of about $10.2 billion at the stated market price. The figure can change quickly because Bitcoin remains volatile and Strategy has not sold the wider position.
As previously reported by crypto.news, JPMorgan expects Strategy to remain an active buyer despite funding concerns. The bank projected about $32 billion in Bitcoin purchases during 2026, though that estimate depends on market access and future capital raising.
Separately, Saylor outlined four Bitcoin camps that could shape the network’s future. He said Maximalists would prioritize monetary purity, Capitalists would expand Bitcoin through financial markets, Technologists would focus on upgrades, and Fundamentalists would defend its original design.
