MicroStrategy Buys Bitcoin 2 Weeks After Selling

Source Beincrypto

Strategy, formerly MicroStrategy, bought 1,550 Bitcoin (BTC) for about $101 million between June 1 and June 7. The purchase landed two weeks after the firm sold Bitcoin for the first time since 2022.

The company announced the buy on Monday, lifting its treasury to 845,256 BTC. It also raised its cash reserve by $100 million to $1 billion, signaling liquidity management alongside its accumulation drive.

Sold High, Then Bought the Dip

The timing drew attention across crypto markets. Strategy sold 32 BTC between May 26 and 31. The average price was $77,135, raising about $2.5 million.

Follow us on X to get the latest news as it happens

That move marked its first Bitcoin sale since 2022. The proceeds covered dividends on its STRC preferred shares, according to an 8-K filing.

The fresh purchase came far cheaper. Strategy paid an average of $65,332 per coin. That sits roughly $11,800 below its exit price.

The net effect was 1,518 additional BTC across the two-week window. The small sale equaled just 0.0038% of holdings. It tied to preferred dividend duties, not a strategy shift.

Even so, the rare disposal rattled investors. MSTR shares slipped, and social feeds filled with predictions of larger sales ahead. The new buy quickly cooled that speculation.

MicroStrategy Stock PerformanceMicroStrategy Stock Performance. Source: TradingView

Michael Saylor Signals, CEO Bats Down the Rumors

Michael Saylor set the stage on Sunday. He posted the company’s orange dots chart with the caption “a good time to add more dots.”

His weekly chart ritual has preceded nearly every purchase for more than a year.

“Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256,” Saylor wrote in the Monday post, confirming his weekend signal.

MicroStrategy co-CEO Phong Le, had indicated the same on Sunday, emphasizing the firm’s corporate strategy.

“Our corporate strategy is to increase net Bitcoin and Bitcoin per share over time. Rumors otherwise are just rumors,” Le stated.

Strategy funded the buy mainly through at-the-market equity sales. It sold about 1.41 million shares for roughly $181 million net over the period.

The approach has built its record Bitcoin holdings through both rallies and slumps.

What Comes Next

Bitcoin traded near $63,148 on Monday, up 1.34% over 24 hours. That price still sits well below Strategy’s $75,680 blended cost basis, leaving the treasury in a paper loss.

Separately, STRC shareholders concluded a vote on Monday over shifting to semi-monthly dividends. The first payment under the new schedule could arrive July 15.

MicroStrategy remains the largest corporate Bitcoin holder by a wide margin.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
SpaceX IPO draws record Wall Street fanfare, but valuation math gives analysts pauseSpaceX is set to launch the largest IPO in U.S. history as early as June 12 at a valuation near $1.75 trillion.  With more than 555 million Class A shares set to be listed at $135 each, with the aim of raising roughly $75 billion, there’s not a shortage of opinions on whether investors should...
Author  Cryptopolitan
Jun 05, Fri
SpaceX is set to launch the largest IPO in U.S. history as early as June 12 at a valuation near $1.75 trillion.  With more than 555 million Class A shares set to be listed at $135 each, with the aim of raising roughly $75 billion, there’s not a shortage of opinions on whether investors should...
placeholder
Trump’s Explosive Interview Walkout Buried a Bigger Message for MarketsPresident Donald Trump endorsed lower interest rates and declared that growth does not cause inflation before walking out of a Meet the Press interview with NBC’s Kristen Welker.The walkout clip now d
Author  Beincrypto
12 hours ago
President Donald Trump endorsed lower interest rates and declared that growth does not cause inflation before walking out of a Meet the Press interview with NBC’s Kristen Welker.The walkout clip now d
placeholder
OpenAI Plans Biggest ChatGPT Overhaul Before IPOOpenAI is preparing its biggest ChatGPT overhaul since the chatbot launched in 2022. The redesign would turn ChatGPT into a super app built around coding tools, AI agents, and creative features.The ro
Author  Cryptopolitan
12 hours ago
OpenAI is preparing its biggest ChatGPT overhaul since the chatbot launched in 2022. The redesign would turn ChatGPT into a super app built around coding tools, AI agents, and creative features.The ro
placeholder
Bitcoin ETFs bleed $326 million as Wall Street pulls backOutflows from US spot Bitcoin exchange-traded funds went on to hit $326 million on June 5. This marks an extension of a devastating trend that has seen billions pulled from the investments to leave them with a total of just $75.1 billion in assets under management. It is seen as an even wider reversal that...
Author  Cryptopolitan
12 hours ago
Outflows from US spot Bitcoin exchange-traded funds went on to hit $326 million on June 5. This marks an extension of a devastating trend that has seen billions pulled from the investments to leave them with a total of just $75.1 billion in assets under management. It is seen as an even wider reversal that...
placeholder
Bitcoin Supply In Loss Crosses Critical Threshold — Bullish Reversal Next?After days of steep downward movement, the price of Bitcoin appears to have found a somewhat reliable anchor around the $60,000 region. However, recent on-chain data suggests that the premier
Author  Cryptopolitan
12 hours ago
After days of steep downward movement, the price of Bitcoin appears to have found a somewhat reliable anchor around the $60,000 region. However, recent on-chain data suggests that the premier
goTop
quote