Saylor buys $101M worth Bitcoin as price crashes

Strategy (NASDAQ: MSTR) is backmost to doing what it does best. Buying Bitcoin (BTC).

The buying comes conscionable a week after the Bitcoin treasury elephantine led by Michael Saylor rattled crypto markets with its archetypal Bitcoin merchantability successful 4 years.

Between May 26 and May 31, Strategy sold 32 BTC for astir $2.5 million. It was Strategy's archetypal Bitcoin merchantability since 2022, and it brought the company's holdings down to 843,706 BTC.

The proceeds were earmarked for preferred banal dividends, and the determination broke from Saylor's long-held vow ne'er to sell.

The absorption was swift. Bitcoin declined from astir $73,800 to beneath $60,000 past week.

However, astatine property time, it had recovered and gained astir 3.18% successful the past 24 hours to commercialized adjacent $63,707, arsenic per Decibel.

MSTR shed adjacent to 18% implicit the pursuing days.

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Funding the Bitcoin instrumentality

Strategy acquired 1,550 BTC betwixt June 1 and June 7 for $101.3 million, an mean of $65,332 per coin, according to an 8-K filed connected June 8.

The acquisition lifts full holdings to 845,256 BTC.

Notably, Strategy bought backmost successful astatine prices acold beneath its mean merchantability price, which was $77,135.

The latest purchases were financed done Strategy's at-the-market equity program, which sold 1,409,600 MSTR shares for nett proceeds of $181 cardinal during the week.

As of June 7, the management-designated United States dollar reserve stood astatine $1 billion, a buffer for preferred dividends and indebtedness interest.

At property time, MSTR banal was up implicit 6% to commercialized astatine $127.93 during pre-market hours.

Related: Top expert warns of ‘Black Monday’ arsenic Bitcoin crashes to 5-month low

This communicative was primitively published by TheStreet connected Jun 8, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.