Key Takeaways
- Strategy added 1,550 BTC for $101 million on June 8, pushing its total reserve to 845,256 bitcoin.
- The purchase follows a 32- BTC sale last week that triggered $93M in liquidations and a 6% MSTR drop.
- Strategy’s USD reserve now stands at $1.0 billion, reducing reliance on future BTC sales for STRC dividends.
Executive Chairman Michael Saylor disclosed the purchase on X on June 8, 2026, sharing the company’s updated reserve figures. The announcement came exactly one week after Strategy’s first disclosed net bitcoin disposal in four years sent shockwaves through the crypto community.
The 32-Coin Sale That Changed the Conversation
Between May 26 and May 31, Strategy sold 32 BTC for roughly $2.5 million at an average price of $77,135 per coin, according to an 8-K filing published June 1. The proceeds were directed toward dividend distributions on the company’s STRC perpetual preferred stock.
The sale represented approximately 0.0038% of Strategy’s holdings at the time. Despite that scale, the symbolism hit hard. For years, Saylor had publicly insisted he would never sell bitcoin. When the 8-K surfaced, MSTR fell roughly 6%, and bitcoin slipped below $72,000 within hours.
More than $93 million in futures positions liquidated in a single hour following the disclosure, with 95% of those being longs.
Peter Schiff fired back on X, pointing to Bitcoin already trading 7% below where Strategy sold and asking: “Since bitcoin’s biggest buyer has now become a seller, where will the new demand come from to sustain the pyramid?”
A Strategic Pivot, Not an Exit
Analysts were quick to contextualize the sale. Two Wall Street analysts described the $2.5 million transaction as economically immaterial, characterizing it as a tactical move to fund preferred-stock dividends rather than a meaningful policy shift.
Saylor addressed the situation directly on X, writing: “Our goal is to make STRC the best credit instrument in the world.”
The May sale differs from Strategy’s December 2022 disposal of 704 BTC, which was structured as a tax-loss harvesting maneuver followed by a repurchase two days later. The 2026 sale was tied to preferred stock distributions, not tax optimization.
Back to Accumulation
The June 8 purchase puts that debate to rest, at least for now. With 1,550 BTC added at a total cost of $101 million, Strategy’s reserve now stands at 845,256 BTC. The company simultaneously raised its USD reserve by $100 million to $1.0 billion.
In the days leading up to the June 8 announcement, Saylor published a message on X stating “the time has come to add a few more dots,” referencing the accumulation chart he regularly updates to track Strategy’s reserve growth.
The June 8 purchase confirms the signal was real.
What It Means for the Market
Strategy remains the largest publicly traded holder of bitcoin by a wide margin. The company has now purchased more than 2.6 times the total amount of bitcoin mined in 2026 according to prior disclosures.
The dual reserve update, 845,256 BTC and $1.0 billion in USD, signals that Strategy is building liquidity on both sides of its balance sheet. The USD reserve expansion gives the company greater capacity to fund preferred dividends without future bitcoin sales, which may reduce the kind of market anxiety triggered by the May 8-K.
For traders watching corporate bitcoin adoption, the pattern here is clear: Strategy sold a symbolic amount to test its own financial plumbing, the market overreacted, and the company returned with a nine-figure purchase within a week.
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