Saylor’s Strategy Scoops 1,550 More Bitcoin at a $10K Discount, Pushing Treasury Past 845K BTC

Strategy (formerly MicroStrategy) has made its first Bitcoin purchase in months, buying 1,550 BTC for $101.3 million between June 1 and June 7 at an average price of $65,332 per currency. Revealed in a June 7 SEC 8-K form, the buyback signals the company's return to accumulation following a contentious sale of only 32 BTC earlier in the year that briefly upset markets and sent Bitcoin roughly 20% down. The business raised $181 million through the sale of around 1.4 million Class A common shares to support the purchase, so leaving it with $1 billion in cash reserves as it keeps swiftly turning equity into digital gold.

Strategy still falls far below on its large treasury, even with the fresh buying. The company currently owns 845,256 BTC, which is 4.02% of Bitcoin's total 21 million supply and about 65% of all Bitcoin kept by publicly listed businesses. The holding, however, has an unappreciated paper loss of around $10.5 billion even as the present value hovers at $53.5 billion—an average cost basis of roughly $75,680. The most recent purchase is significant since it was completed almost $10,000 below the company's overall average entry price, which helps Strategy to reduce its combined cost basis while doubling down during low prices.

Strategy's strong belief in its Bitcoin-centric corporate strategy was reaffirmed by Executive Chairman Michael Saylor's personal announcement of the acquisition on social media. The action confirms the business's position as the biggest institutional owner of BTC worldwide and shows that executives see the continuous price drop as a tactical buying opportunity rather than a reason to run. Despite billions in unrealized losses, the message is unambiguous: Strategy is opportunistically adding rather than cutting its treasury, so using stock markets will help it to keep its top spot in business Bitcoin adoption.