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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(END) Dow Jones Newswires
June 08, 2026 08:42 ET (12:42 GMT)
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