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- Strategy added 1,587 BTC, lifting its total Bitcoin reserve to 846,842 BTC.
- Strategy raised its dollar reserve to $1.1 billion alongside its latest BTC purchase.
- Phong Le said the 32 BTC sale tested internal systems, not dividend funding needs.
Strategy added 1,587 Bitcoin to its balance sheet two weeks after a small, disclosed sale drew market attention. The company said the new purchase cost about $100 million. The update showed continued buying after questions over its treasury activity.
Michael Saylor announced the purchase on X. He said Strategy acquired 1,587 BTC for about $100 million. The transaction lifted the company’s Bitcoin reserve to 846,842 BTC.
Also Read: Strategy Shareholders Back Semi-Monthly STRC Payouts
Strategy Bitcoin Position Nears $56 Billion After Purchase
Saylor had hinted at the update earlier. He posted, “Another Orange Star,” before releasing the purchase details. He has used similar wording before Strategy Bitcoin announcements.
The company also raised its U.S. dollar reserve. Its cash reserve increased by another $100 million to $1.1 billion. That reserve gives the company more liquidity alongside its Bitcoin holdings.
The latest purchase places Strategy’s Bitcoin position near $56 billion. That estimate is based on Bitcoin trading around the mid-$60,000 range. Strategy remains the largest corporate holder of Bitcoin.
The purchase followed a disclosed sale of 32 BTC. Strategy sold those coins between May 26 and May 31. The sale raised about $2.5 million.
The average sale price was $77,135 per Bitcoin. The disclosure drew attention because Strategy has long focused on accumulation. Some market observers questioned whether the sale reflected a change in approach.
The company later addressed those concerns. Strategy CEO Phong Le said the sale tested internal systems. He said it was not done because the firm needed cash for dividends.
Strategy Adds Larger BTC Position After Sale Test
Le said the company still had other funding options. Those options included equity and preferred stock. His comments placed the sale within an operational test, not a treasury shift.
The latest purchase was much larger than the earlier disposal. Strategy added 1,587 BTC after selling 32 BTC. That difference showed the company remained a net buyer during the period.
Strategy had also bought Bitcoin earlier in June. It acquired 1,550 BTC for about $101.3 million in the first week. That purchase came as the company raised its dollar reserve to $1 billion.
The June 15 update added more Bitcoin and more cash. The company increased its BTC reserve and lifted dollars to $1.1 billion. The sequence showed parallel growth in both reserve categories.
Investors continue to track the company’s treasury balance. Preferred stock payments and financing needs remain part of that focus. Bitcoin price moves also remain important for the company’s model.
Strategy’s latest filing and Saylor’s update helped clarify the recent sale. The company sold a small amount before adding a larger position. Its balance sheet still reflects a Bitcoin-centered strategy.
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