Strategy, the company led by Michael Saylor, said it acquired 1,550 Bitcoin for $101 million, lifting its total Bitcoin holdings to 845,256 coins. The company also said it increased its USD reserve by $100 million to $1 billion, a move that appears intended to strengthen its balance sheet and support future dividend obligations tied to STRC, one of its securities.
The purchase came after a volatile week in which investors were heavily focused on whether Saylor would sell Bitcoin to bolster cash reserves. Instead, Strategy funded the latest move by selling MicroStrategy common shares rather than preferred stock, then used the proceeds to add more Bitcoin and expand its cash position. The decision signaled that Saylor remains committed to the company’s long-standing Bitcoin accumulation strategy, even as some market participants had speculated that he might trim holdings to reduce risk.
The transaction also followed an earlier, much smaller sale of 32 Bitcoin last week, worth only a few million dollars at about $77,000 per coin. That minor sale unsettled the market more than expected, and Bitcoin briefly dropped below $60,000 amid fears that a larger sell-off might follow. The latest acquisition, made at an average price near $65,000 per Bitcoin, showed that Strategy was able to buy at a lower level after the market reacted sharply to the prior week’s headlines.
Attention also centered on STRC, which had fallen to around $91 at the open before rebounding by more than 3%. Traders appeared to be reassessing the situation as fears of a major Bitcoin liquidation eased. The speaker argued that STRC could move back toward its $100 par value if confidence returns, especially given the company’s additional cash reserve and the perceived stability of its funding strategy.
The commentary framed the week as a test of investor sentiment, with many market observers expecting Strategy to take a defensive step such as selling 3% to 5% of its Bitcoin holdings to build a larger cash buffer. That did not happen. Instead, Saylor chose to grow the Bitcoin stack while still adding liquidity, a combination that may reassure supporters who believe the company can manage its obligations without abandoning its core thesis.
The discussion also highlighted the risks and opportunities created by the market’s reaction. As panic deepened, some investors saw a contrarian setup in both STRC and Bitcoin. The speaker said he personally bought STRC near $92 and Bitcoin around $60,000, viewing both as attractive trades based on the expectation of a rebound. The argument was that buying STRC below par offered a chance at price recovery plus its dividend yield, while buying Bitcoin during the selloff offered exposure to a possible bounce if the market had overreacted.
Overall, the latest move reinforced Strategy’s role as one of the most influential corporate holders of Bitcoin. It also showed that, despite short-term volatility and intense speculation, Saylor continues to double down on accumulation while using market conditions to strengthen the company’s financial flexibility.
