Strategy Buys 1,587 BTC as Bitcoin Selloff Fears Recede

MicroStrategy Buys More Bitcoin as Sale Concerns Subside

Two weeks after its first Bitcoin sale in nearly four years, business intelligence firm MicroStrategy has once again signaled its commitment to the cryptocurrency, acquiring an additional 1,587 BTC for approximately $100 million.

The average purchase price for this latest acquisition was just over $63,000 per Bitcoin. Concurrently, the company bolstered its U.S. dollar reserves by $100 million, bringing its total cash holdings to $1.1 billion. MicroStrategy’s total Bitcoin holdings now stand at 846,842 BTC, currently valued at nearly $56 billion.

The company’s recent activity was highlighted in a June 15, 2026, tweet from co-founder Michael Saylor: “Strategy has acquired 1,587 BTC for $100 million to increase our $BTC Reserve to ₿846,842. We have also increased our USD Reserve by $100 million to $1.1 billion. $MSTR $STRC.”

This latest purchase follows a sale of 32 BTC by MicroStrategy a few weeks prior. Contrary to speculation that this signaled a capitulation, the sale was reportedly to fund preferred stock distributions, including cash dividends across the company’s stock series.

The earlier sale, occurring amidst a period of significant Bitcoin price volatility that saw the cryptocurrency dip below $60,000 for the first time in 19 months, raised some eyebrows within the crypto community. It even prompted CNBC personality Jim Cramer to suggest that the firm and Saylor had “killed” Bitcoin.

Saylor swiftly addressed these concerns, refuting the “fear, uncertainty, and doubt” (FUD) and clarifying that he had never stated the company would refrain from selling Bitcoin if necessary. However, he reiterated his belief that individual investors should avoid selling their holdings.

MicroStrategy resumed its aggressive Bitcoin accumulation strategy last week, purchasing 1,550 BTC for just over $100 million.

Prominent figures in the cryptocurrency space, including Samson Mow and Lyn Alden, defended Bitcoin following the sale. They argued that an entity as committed to Bitcoin as MicroStrategy could not “kill” the cryptocurrency with a single, relatively small sale from its substantial holdings.