Strategy Purchases 1,550 Bitcoin for $101 Million, Rebuilds Cash Reserves After Rare Sale

Strategy, the largest corporate Bitcoin holder, purchased 1,550 BTC for $101 million, bringing its total to 845,256 BTC. The acquisition, funded by a $181 million stock sale, also boosted the firm's cash reserves to $1 billion. This move follows a rare sale of 32 BTC for $2.5 million, which unsettled markets and contributed to a drop in the company's stock. The firm carries an unrealized loss of over $10 billion on its holdings.

Bitcoin acquisition through equity

• ▪Strategy purchased 1,550 Bitcoin for approximately $101 million at an average price of $65,332 per coin
• ▪In May 2026, Strategy slashed its cash reserves by 61% to repurchase debt at a discount
• ▪Strategy also increased its U.S. dollar reserves by $100 million, bringing its total cash position to $1 billion
• ▪The acquisition was funded by the sale of 1,409,600 shares of MSTR Class A Common Stock, which generated $181 million in net proceeds

First Bitcoin sale since 2022

• ▪The proceeds from the sale were intended to fund dividend payments on its STRC preferred stock
• ▪The sale was the company's first since a tax-loss harvesting transaction in late 2022
• ▪On June 1, 2026, Strategy disclosed it had sold 32 Bitcoin between May 26-31 for approximately $2.5 million
• ▪The sale of 32 BTC represented approximately 0.0038% of the company's total Bitcoin holdings

MSTR stock price decline

• ▪Strategy's (MSTR) shares fell 24% in the week following the disclosure of its Bitcoin sale, marking the stock's worst weekly performance since November 2022
• ▪As of early June 2026, MSTR shares had plummeted by more than 33% over the last month
• ▪The disclosure of the small Bitcoin sale "spooked" markets and amplified bearish sentiment, according to JPMorgan analysts

Bitcoin yield treasury metrics

• ▪The company's holdings represent more than 4% of Bitcoin's fixed supply of 21 million coins
• ▪Strategy's balance sheet includes $1.0 billion in USD reserves, $6.75 billion in debt, and $15.47 billion in preferred securities
• ▪The company has achieved a 12.8% "BTC Yield" year-to-date, a metric measuring growth in Bitcoin-per-share
• ▪Following its latest purchase, Strategy's total holdings stand at 845,256 BTC

Unrealized losses on holdings

• ▪With Bitcoin trading around $63,000 in early June 2026, the company's position carried an unrealized loss of approximately $10.5 to $11 billion
• ▪Strategy's total Bitcoin holdings were acquired for a total cost of just under $64 billion
• ▪The blended average purchase price for the company's entire Bitcoin treasury is $75,680 per coin