MicroStrategy buys 1,550 BTC for $101M, raises USD reserve to $1B

MicroStrategy bought 1,550 bitcoin for about $101 million on June 8, bringing its total holdings to 845,256 BTC and increasing its U.S. dollar reserve to $1.0 billion, Michael Saylor posted on X. The purchase came one week after the company disclosed a small sale of 32 BTC to fund preferred-stock dividends.

The company executed the 1,550 BTC purchase on June 8 and reported the reserve updates the same day. MicroStrategy said it increased its cash reserve by $100 million to $1.0 billion to help cover distributions on its STRC perpetual preferred stock without selling additional bitcoin.

Between May 26 and May 31 the company sold 32 BTC for roughly $2.5 million, an average of about $77,135 per coin, according to an 8-K filed June 1. That sale represented roughly 0.0038% of MicroStrategy’s holdings at the time and funded dividend payments on the STRC preferred shares.

Following the 8-K disclosure, MicroStrategy’s stock fell about 6% and bitcoin briefly traded below $72,000. More than $93 million in futures positions were liquidated within an hour after the filing, with about 95% of those liquidations recorded in long positions.

Industry analysts described the 32-coin sale as economically immaterial and tied to dividend distributions rather than a strategic exit from bitcoin. On X, Michael Saylor wrote, “Our goal is to make STRC the best credit instrument in the world,” and he had posted earlier, “the time has come to add a few more dots,” referring to the company’s accumulation chart.

MicroStrategy remains the largest publicly traded holder of bitcoin. Prior company disclosures show its cumulative purchases equal more than 2.6 times the bitcoin mined in 2026. The firm has made limited bitcoin sales in the past, including a December 2022 disposal of 704 BTC that was part of a tax-loss harvesting strategy followed by a repurchase two days later.