Strategy has added 1,587 BTC to its balance sheet, two weeks after its first disclosed Bitcoin sale in years raised questions.
Summary
- Strategy acquired 1,587 BTC for $100 million, lifting total reserves to 846,842 BTC on Monday.
- The purchase followed a 32 BTC sale that Strategy later described as a process test.
- Strategy also raised its U.S. dollar reserve to $1.1 billion after adding another $100 million.
Michael Saylor said on X that the company bought the coins for about $100 million. Saylor had hinted at the move hours earlier with a short post saying, “Another Orange Star,” a phrase he often uses before Strategy Bitcoin updates.
Saylor wrote, “Strategy has acquired 1,587 BTC for $100 million,” adding that the purchase lifted the firm’s Bitcoin reserve to 846,842 BTC. Strategy also increased its U.S. dollar reserve by another $100 million to $1.1 billion.
The latest purchase places Strategy’s Bitcoin holdings near a market value of $56 billion, based on Bitcoin trading around the mid-$60,000 range. The company remains largest corporate holder of Bitcoin.
Sale debate followed small BTC disposal
The new acquisition follows a period of scrutiny after Strategy sold 32 BTC between May 26 and May 31. crypto.news reported that the sale raised about $2.5 million at an average price of $77,135 per BTC.
The sale drew attention because Strategy has long built its identity around Bitcoin accumulation. Some market voices treated the sale as a change in direction, but the amount represented only a small fraction of the company’s total holdings.
As crypto.news later reported, Strategy CEO Phong Le said the sale was a test of internal systems, not a sign that the firm needed cash for dividends. He said the company still had other funding tools, including equity and preferred stock.
Cash reserve also moves higher
Strategy has increased both sides of its reserve position. The company added Bitcoin and raised its dollar reserve to $1.1 billion, giving it more liquidity as preferred stock obligations remain in view.
Earlier crypto.news coverage noted that Strategy had raised its dollar reserve to $1 billion after buying 1,550 BTC for about $101.3 million during the first week of June. The June 15 update adds another 1,587 BTC and another $100 million in cash.
That sequence suggests Strategy is still adding Bitcoin while keeping more cash on hand. The dollar reserve may help the company meet dividend and financing needs without relying only on Bitcoin sales.
Meanwhile, the purchase helps answer some doubts caused by the 32 BTC sale. Strategy remains a net buyer, and the latest transaction was far larger than the earlier disposal.
At the same time, investors continue to watch how the firm balances Bitcoin accumulation with preferred stock payments and debt-linked obligations. The company’s model now depends on Bitcoin prices, capital markets access and reserve management.
