Strategy Buys 1,550 Bitcoin for $101.3 Million as Prices Rebound 8% From Friday Low
Updated
Updated · Forbes · Jun 8
Strategy Buys 1,550 Bitcoin for $101.3 Million as Prices Rebound 8% From Friday Low
3 articles · Updated · Forbes · Jun 8
Summary
1,550 bitcoin bought for $101.3 million last week lifted Strategy’s holdings to 845,256 BTC, according to a Monday SEC filing.
The purchase was made at an average $65,332 per coin after bitcoin slid below $60,000, and Strategy funded it with $181 million in stock sales.
Bitcoin rebounded to as high as $63,926 on Monday from $59,159 on Friday, while Strategy shares rose 3.8% but remained down more than 33% over the past month.
The buy came about a week after Strategy sold 32 bitcoin for roughly $2.5 million to fund dividends, a rare move that added to crypto-market bearishness.
Broader pressure has persisted since bitcoin’s 2025 peak as spot ETF demand cooled and rate-cut hopes faded after a strong U.S. labor report.