Strategy (NASDAQ: MSTR) has purchased an additional 1,550 Bitcoins for $101.3 million, just weeks after selling Bitcoin for the first time since 2022.
The company funded the latest purchase by selling $181 million in stock, maintaining its well-established pattern of equity issuance to finance Bitcoin accumulation.
The recent buy came at an average price of $65,332 per Bitcoin, reflecting Strategy’s continued willingness to acquire the asset at current market levels.
Prior to this purchase, Strategy had rattled investors in late May by selling 32 Bitcoins for $2.5 million, a move that raised eyebrows across the crypto investment community.
That sale was only the second time Strategy had ever offloaded Bitcoin, following a disposition of 704 Bitcoins for $11.8 million back in December 2022.
The May sale was executed to raise cash to cover preferred stock dividend payments, rather than reflecting any shift in the company’s broader Bitcoin strategy.
Strategy currently holds 845,256 Bitcoins, representing approximately 4% of all the Bitcoin that will ever be produced, with a total value of $53.8 billion.
Executive Chairman Michael Saylor has repeatedly urged investors to “never sell” their Bitcoin, and has boldly predicted its price would surge to $21 million by 2046.
For Bitcoin investors watching from the sidelines, the latest purchase offers some signal of institutional conviction, though it falls short of confirming a definitive market bottom.
For Strategy’s own shareholders, the moves reinforce what the company has always represented: an all-in, leveraged bet on Bitcoin’s long-term appreciation.
The company shows no signs of deviating from its core approach, continuing to sell stock and take on debt to fund purchases at scale.
Whether Bitcoin is bottoming out or simply consolidating, Strategy’s behavior makes clear it intends to keep accumulating regardless of short-term price movements.
