Strategy Buys 1,550 Bitcoin After First Sale Since 2022

Strategy has returned to buying Bitcoin after a small sale caused plenty of noise across the crypto market.

Good to Know

• Strategy bought 1,550 BTC for about $101 million.
• The company now holds 845,256 Bitcoin.
• A week earlier, Strategy sold 32 BTC for about $2.5 million to help fund preferred stock dividends.

Strategy Returns To Bitcoin Buying

Michael Saylor’s Strategy added 1,550 Bitcoin to its balance sheet, spending about $101 million at an average price of $65,332 per BTC. The latest purchase lifted the company total to 845,256 BTC, keeping Strategy far ahead as the largest public corporate Bitcoin holder.

The buy came just days after the company sold 32 BTC, worth about $2.5 million. That sale stood out because Saylor has spent years telling investors not to sell Bitcoin. Strategy said the sale helped fund dividends on its STRC perpetual preferred stock.

A dividend is a payment a company makes to investors who hold certain shares. Preferred stock is a type of share that often pays set dividends before common shareholders receive anything.

Saylor had already hinted that a sale could happen. On a recent earnings call, he said Strategy would “probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”

The market reaction showed why the sale mattered. Some traders worried that Strategy could become a forced seller if dividend costs and Bitcoin price pressure kept building. The latest purchase gives a different message: Strategy may sell small amounts when needed, but it still wants to keep adding Bitcoin overall.

Cash Reserve Hits $1 Billion

Strategy also increased its US dollar reserve by $100 million to $1 billion. CoinDesk reported that the company raised $181 million through common stock sales and used the proceeds for both the Bitcoin purchase and the higher cash reserve.

That cash buffer matters because Strategy has issued preferred stock with dividend obligations. More cash gives the company room to handle those payments without leaning too heavily on Bitcoin sales.

Strategy stock rose more than 6% on Monday after the announcement, although it remained down more than 10% over five days and nearly 32% over one month. Bitcoin also had a rough week, falling more than 10% over seven days.

Strategy, formerly MicroStrategy, turned into a Bitcoin treasury company after it began buying BTC in 2020. Its balance sheet now acts like a public-market Bitcoin proxy for many investors, so even small buys or sales can draw attention.