Strategy executive chairman Michael Saylor has confirmed another Bitcoin purchase, a day after hinting that the company could be preparing to add to its holdings.
In a Monday announcement, Saylor said Strategy acquired 1,550 BTC for approximately $101 million. The latest purchase increased the company’s total Bitcoin holdings to 845,256 BTC.
The acquisition followed Saylor’s earlier post on X featuring Strategy’s well-known Bitcoin acquisition tracker with the message, “A good time to add more dots.” Traders and shareholders had closely watched the post because Saylor had often used similar messages before Strategy announced new Bitcoin purchases.
Source: X
The new purchase also came after Bitcoin briefly fell below $60,000 before rebounding above $62,000. The decline had drawn fresh attention to Strategy’s balance sheet, dividend commitments, and long-running Bitcoin accumulation plan.
Strategy bought the latest Bitcoin at an average price of $65,332 per BTC. That price was below the company’s overall average acquisition cost of $75,680 per Bitcoin. Following the purchase, Strategy now holds 845,256 BTC acquired for just under $64 billion.
Strategy Buys Bitcoin After First BTC Sale Since 2022
The purchase marked Strategy’s first Bitcoin acquisition since the company sold 32 BTC on June 1 for about $2.5 million.
That sale was small compared with Strategy’s overall holdings, but it attracted attention because the company has built its public identity around Bitcoin accumulation and has often been viewed as one of the most consistent corporate buyers of BTC. Strategy funded its latest Bitcoin purchase and added to its cash position after issuing $181 million of common stock during the period.
The company disclosed that it increased its U.S. dollar reserves by $100 million, bringing total cash reserves to $1 billion. The raise helped fund both the 1,550 BTC purchase and the increase in balance sheet liquidity.
The 32 BTC sale represented only a tiny fraction of Strategy’s treasury. However, it prompted questions from investors about whether the company could sell more Bitcoin if market conditions weaken or if dividend obligations require additional liquidity.
Consequently, Strategy CEO Phong Le responded to speculation around the company’s Bitcoin strategy by saying the firm’s corporate strategy remains focused on increasing net Bitcoin and Bitcoin per share over time. He added that claims suggesting otherwise were rumors.
Bitcoin Rebound Keeps MSTR in Focus
Bitcoin’s recovery above $62,000 followed a sharp move lower that took the asset below $60,000. The pullback came amid heavy selling pressure and renewed debate over Strategy’s exposure to BTC.
The rebound has kept Strategy and MSTR in focus because the company’s stock tends to trade with a strong relationship to Bitcoin. Market participants often view MSTR as a leveraged proxy for Bitcoin because of the company’s large BTC treasury and ongoing accumulation strategy.
Amid the BTC price dip, Jiang Zhuoer, CEO of BTCTOP, said Strategy’s risk remains manageable even if Bitcoin falls to $30,000. He argued that the company has limited incentive to damage its market image as a long-term Bitcoin holder.
Jiang also said Strategy’s leverage ratio would rise from about 5% to roughly 10% if BTC dropped to $30,000, based on his assessment.
He described Strategy’s STRC interest coverage approach as financially consistent. In his view, selling early low-cost Bitcoin could create accounting gains used to pay STRC interest, while new STRC proceeds could support additional Bitcoin purchases. That structure would allow the company to maintain a net-buying narrative while meeting cash obligations.
On-Chain Metrics Show Bitcoin Near Cheap Zone
Bitcoin valuation metrics have also become part of the market discussion following the recent price decline.
CryptoQuant data noted Bitcoin’s MVRV ratio is near 1.1, placing it just above the green undervaluation zone that has historically appeared around major market bottoms. The MVRV ratio compares Bitcoin’s market value with its realized value and is often used to assess whether BTC is trading near overheated or discounted levels.
Source: Cryptoquant
If Bitcoin were to fall into the low $50,000 range, the MVRV ratio would likely move closer to 1.0. That level has previously appeared near cycle lows in 2015, 2019, and 2022. Market analysts often watch that area because it has marked periods when long-term holders were less likely to be sitting on large unrealized profits.
Technical indicators also showed stress in Bitcoin’s recent price action. According to crypto analyst Michaël van de Poppe, Bitcoin has reached its lowest two-week RSI and daily RSI readings ever, citing the data as a reason some investors may consider accumulation. This is a bullish move, especially with Saylor’s Bitcoin buy restart.
