While Bitcoin spent last week testing multi-year lows, Strategy wasn't watching from the sidelines — it was buying. From June 1 through June 7, Michael Saylor's company added 1,550 BTC to its treasury at an average price of $65,332 per coin, spending $101.3 million in total. The purchase was disclosed in an 8-K filing with the U.S. Securities and Exchange Commission.
The timing gives this transaction extra context. Just weeks earlier, Strategy sold 32 bitcoins — its first sale since 2022 — to fund distributions on its preferred stock. That move spooked some observers who wondered whether Saylor's long-standing no-sell discipline had finally cracked. The latest purchase answers the question bluntly: 32 coins sold, 1,550 bought. That's not a policy shift.
As of June 7, Strategy holds 845,256 BTC acquired for a total of $63.97 billion, at an average cost of $75,680 per coin. The latest tranche came in roughly 14% below that average — meaning these 1,550 coins sit at a built-in advantage relative to the rest of the portfolio. If Bitcoin climbs back past $75,680, this batch will be in profit before most of what Strategy already holds.
The purchase was financed through the company's ATM equity program, which involves selling MSTR shares on the open market and using the proceeds to buy Bitcoin. It's the same mechanism Strategy has relied on for years to accumulate without taking on conventional debt. Where most of the market saw a crash, Strategy saw a cheaper entry point on an asset it has no intention of leaving.
