The strategy added 1,587 BTC to its balance sheet, two weeks after its first Bitcoin disclosure in years raised questions.
Summary
- The strategy received 1,587 BTC for $100 million, raising total reserves to 846,842 BTC on Monday.
- The purchase followed a 32 BTC sale that Strategy later described as a process test.
- The strategy also increased its US dollar reserves to $1.1 billion after adding another $100 million.
Michael Saylor told X that the company bought about $100 million worth of coins. Saylor had hinted at the move hours earlier with a brief post that read, “Another Orange Star,” a phrase he often uses before Strategy Bitcoin updates.
Saylor wrote, “The strategy received 1,587 BTC for $100 million,” adding that the purchase raised the company’s Bitcoin reserve to 846,842 BTC. The strategy also increased its US dollar reserves by another $100 million to $1.1 billion.
The latest purchase places Strategy’s Bitcoin Holdings near a market value of $56 billion, based on Bitcoin trading in the $60,000 range. This company remains the largest shareholder of Bitcoin.
The selling debate followed the dumping of small BTC
The new discovery follows a period of scrutiny after Strategy sold 32 BTC between May 26 and May 31. Crypto.news reported that the sale raised about $2.5 million at an estimated price of $77,135 per BTC.
The sale attracted attention because the Strategy has long built its identity on the accumulation of Bitcoin. Some market voices treated the sale as a change in direction, but the amount represents only a small portion of the company’s total holdings.
As crypto.news later reported, Strategy CEO Phong Le said the sale was a test of internal plans, not a sign that the company needed cash for dividends. He said the company still has other financing tools, including equity and preferred shares.
Savings also go up
The strategy increased both sides of its reserve. The company added Bitcoin and increased its dollar reserves to $1.1 billion, giving it more money as the preferred stock bonds are still visible.
Earlier crypto.news coverage noted that Strategy increased its dollar reserves to $1 billion after buying 1,550 BTC for approximately $101.3 million during the first week of June. The June 15 update added another 1,587 BTC and another $100 million.
That sequence suggests that Strategy is still adding Bitcoin while keeping more cash on hand. A dollar reserve can help a company meet dividend and financing needs without relying solely on Bitcoin sales.
Meanwhile, the purchase helps to answer the doubts caused by the sale of 32 BTC. The strategy is always consumer, and the latest transaction was much bigger than the last one.
At the same time, investors continue to watch how the company balances Bitcoin accumulation with preferred stock payments and debt obligations. The company’s model now depends on Bitcoin prices, access to large markets and booking management.
