Strategy Snaps Up $100 Million in Bitcoin -- WSJ

Dow Jones06-08

By Vicky Ge Huang

Strategy, the bitcoin-accumulation firm founded by Michael Saylor, said Monday that it bought 1,550 bitcoin for about $101.3 million, according to a regulatory filing.

The purchase came after the company announced last week that it had sold a small portion of its massive holdings, fueling investor anxiety that larger sales could be on the horizon.

Strategy bought the latest batch of bitcoin at an average price of $65,332 per coin. It now holds 845,256 bitcoin, worth about $53 billion based on current prices. The company said it has also increased its cash reserve, which is used to fund dividend obligations on preferred stocks, by $100 million to $1 billion.

Bitcoin traded around $63,000 Monday morning after falling below $60,000 for the first time since October 2024 last week.

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June 08, 2026 08:42 ET (12:42 GMT)

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