Strategy Inc. has resumed Bitcoin accumulation at scale, purchasing 1,550 BTC for approximately $101.3 million in the week ending June 7 — a move that sent Bitcoin prices jumping 3.5% and drew a sharp line under the market panic triggered by the company’s first Bitcoin sale in nearly four years.
The transaction was disclosed in a Form 8-K filed with the SEC on Monday, June 8. The 1,550 coins were acquired at an average price of $65,332 each, between June 1 and June 7. Strategy’s total holdings now stand at 845,256 BTC, representing more than 4% of Bitcoin’s maximum supply, with an aggregate entry cost of approximately $64 billion.
Buying Into the Dip
The purchase comes after Bitcoin fell around 15% last week, briefly trading below $60,000 before rebounding above $62,000. The decline followed, at least in part, Saylor’s sale of 32 Bitcoin on June 1. That divestment — the first since 2022, generating about $2.5 million with proceeds directed toward STRC preferred stock dividends — had shattered the company’s long-held “never sell” narrative and rattled markets.
By spreading the buy across a defined seven-day window, the company executed a measured accumulation rather than a single large block trade. The $65,332 average gives Bitcoin treasury watchers a concrete benchmark for how Strategy timed this round of buying, reflecting the blended execution price across what were likely multiple tranches — a method that reduces the risk of unfavorable fills during volatile trading sessions.
Following the latest purchase, Strategy has spent just under $64 billion acquiring its Bitcoin holdings. However, with Bitcoin currently trading below the company’s average purchase price of $75,680, its holdings are showing an unrealized loss of roughly $10.4 billion.
Strategy Acquires 1,550 BTC for $101 Million
Funding Mechanism: ATM Stock Sales
To fund the acquisition, Strategy sold approximately 1.41 million shares of its Class A common stock between June 1 and June 7, raising $181 million in net proceeds. The company deployed around $101 million of that into Bitcoin, with the remainder going toward replenishing its cash reserve.
According to the company’s latest filing, no shares of its various preferred stock series — STRF, STRC, STRK, or STRD — were sold during the period, with the common stock issuance remaining the primary funding mechanism. As of June 5, 2026, the company had raised $181 million from Class A common stock sales under the ATM program. A separate $21 billion MSTR stock ATM offering, announced in March 2026, has not yet been drawn down, pending depletion of the existing facility.
Cash Reserve Hits $1 Billion
Alongside the Bitcoin purchase, Strategy disclosed a significant development in its liquidity management. Strategy has framed its USD Reserve as a mechanism for insulating its BTC holdings from dividend pressure. The reserve had stood near zero for most of the company’s Bitcoin accumulation phase. Reaching $1 billion means management has, in principle, set aside enough cash to service near-term preferred-stock obligations without touching BTC.
Strategy’s USD reserve, which peaked at $2.25 billion at the start of 2026, had declined to roughly $900 million before Monday’s $100 million replenishment, meaning the company burned through approximately $1.35 billion in liquidity in six months.
The cash milestone carries strategic weight. JPMorgan analysts, commenting on the prior week’s turbulence, had warned that Strategy’s dollar reserves barely covered 6.3 months of dividend payments. The $1 billion figure at least partially addresses that concern, though Bernstein analysts had argued the annual cash dividends on STRC remained well covered by reserves, ATM program liquidity, and the ability to sell Bitcoin if necessary.
Market Reaction and Broader Context
Investors reacted positively to the announcement. Shortly after the news, Bitcoin jumped around 3.5% and traded above $63,800. The rebound wiped out $504 million in short positions.
Spot Bitcoin ETFs had reported $396.6 million in net outflows on the same day Strategy’s original sale became public, adding to a broader liquidation that erased roughly $1.63 billion in leveraged positions within 24 hours. Monday’s purchase effectively reversed much of that sentiment damage.
Strategy’s latest Bitcoin acquisition also came days after it announced the pricing of a STRIDE preferred stock offering on June 6, a capital markets move consistent with its established pattern of raising funds to buy more Bitcoin.
Meanwhile, Bitcoin Treasuries data shows 198 public companies have now adopted some form of Bitcoin acquisition model, though shares of many trade significantly below their summer 2025 highs. MSTR closed Friday at $120.44, down 22% year to date.
Bitcoin (BTC) Price Performance (Source: CoinMarketCap)
Signal Sent
With this purchase, Strategy has made its position unambiguous: the 32 BTC sale was a dividend management tool, not a strategic reversal. Strategy’s consistent purchases, funded via equity offerings, have solidified its position as the leading Bitcoin Treasury Company with over 845,000 BTC in reserve. Whether the dual-reserve approach — simultaneously accumulating BTC and rebuilding dollar liquidity — can sustain the model through continued market pressure will be the defining question for investors in the months ahead.
