Saylor’s Strategy buys 1,587 BTC for $100M, holdings hit 846.8K
Strategy bought 1,587 BTC for $100 million between June 8 and Sunday, paying an average of $63,024 per coin. That lowered its overall average cost basis slightly to $75,656. The company now holds 846,842 BTC bought for $64.07 billion; at current prices, those holdings are worth about $56.1 billion. The purchase was financed by selling 1.73 million MSTR shares, which raised about $209 million. No activity was reported in Strategy’s preferred share programs. Executive chairman Michael Saylor hinted at the buy on X before the filing. The move came shortly after Strategy disclosed a rare sale of 32 BTC on June 1, prompting debate over whether the company is shifting away from a strict buy-and-hold approach. Saylor has said Bitcoin treasury firms need flexibility to sell holdings to support dividend-paying securities.
