Physical Bitcoin coin photographed for a Strategy treasury-reserve article.

Strategy Buys 1,550 Bitcoin and Builds Cash Reserve to $1 Billion

By Isaac • June 8, 2026 1:01 pm • Comments

Strategy bought 1,550 Bitcoin between June 1 and June 7, according to an 8-K the company filed on June 8. The purchase cost about $101.3 million at an average price near $65,332 per coin, including fees and expenses.

That buy came one week after Strategy sold 32 BTC, the company’s first sale since 2022. The small sale drew heavy scrutiny, and this purchase puts that scrutiny to a real test.

Strategy now holds 845,256 BTC. The company added nearly 50 times more Bitcoin than it sold and raised its cash position at the same time.

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Bitcoin remains the largest crypto asset by market capitalization, which keeps a corporate treasury story like this squarely in PCN’s lane.

The funding mechanics matter here. Strategy sold 1,409,600 MSTR shares during the same week and took in roughly $181.0 million in net proceeds, and it said the Bitcoin purchases were made using net proceeds from ATM offerings.

The company also reported that its USD Reserve balance reached $1.0 billion as of June 7, including expected cash from unsettled ATM share sales.

Strategy added these details:

According to Strategy: Strategy’s June 8 filing said the company acquired 1,550 BTC during June 1 through June 7 for about $101.3 million, paying an average price of about $65,332 per bitcoin including fees and expenses. The same filing said Strategy held 845,256 BTC as of June 7, with an aggregate purchase price of about $63.97 billion and an average purchase price of about $75,680 per bitcoin.

Strategy also reported selling 1,409,600 MSTR shares for approximately $181.0 million in net proceeds and said the Bitcoin purchases were made using ATM offering proceeds. CoinGecko ranked Bitcoin first by market capitalization during the June 8, 2026 Central-time selection check.

Strategy filed an 8-K dated June 8, 2026 reporting that it acquired 1,550 BTC between June 1 and June 7, 2026. Strategy said the 1,550 BTC purchase cost approximately $101.3 million at an average price of about $65,332 per bitcoin, including fees and expenses.

Strategy said it held 845,256 BTC as of June 7, 2026. Strategy said the aggregate purchase price of its Bitcoin holdings was approximately $63.97 billion at an average purchase price of about $75,680 per bitcoin, including fees and expenses.

The aggregate cost basis sits at about $63.97 billion across all holdings, with an average buy price near $75,680. The latest coins came in well below that blended average.

Strategy added these details:

According to Strategy: The Form 8-K said Strategy’s USD Reserve was established on December 1, 2025 to support the payment of dividends on preferred stock and interest on indebtedness. The filing said the USD Reserve balance was $1.0 billion as of June 7, 2026, including expected cash proceeds from ATM share sales that had not yet settled.

It also listed roughly $25.96 billion of MSTR Stock still available for issuance and sale under the current common-stock ATM programs after the reported sales. Strategy said it held 845,256 BTC as of June 7, 2026.

Strategy said the aggregate purchase price of its Bitcoin holdings was approximately $63.97 billion at an average purchase price of about $75,680 per bitcoin, including fees and expenses. Strategy said it sold 1,409,600 shares of MSTR Stock during June 1 through June 7 and received approximately $181.0 million in net proceeds.

Strategy said the BTC purchases were made using net proceeds from ATM offerings. Strategy said its USD Reserve balance was $1.0 billion as of June 7, including expected cash proceeds from unsettled ATM share sales.

The same filing listed roughly $25.96 billion of MSTR stock still available for issuance under the current common-stock ATM programs after the reported sales.

So the picture is a company funding Bitcoin accumulation through equity issuance while keeping a billion dollars on hand to service preferred dividends and debt interest.

That cash buffer is the likely reason the 32 BTC sale never signaled a change in policy. A treasury holding nearly 850,000 coins can move a few dozen for operational reasons without touching the long-term position.

Markets seemed to read it that way too.

Cointelegraph added these details:

According to Cointelegraph: Strategy bought 1,550 BTC for about $101.3 million after a small 32 BTC sale that had attracted heavy scrutiny. The company held 845,256 BTC after the new purchase and noted that the buy was funded by proceeds from Class A common stock ATM sales.

CryptoQuant CEO Ki Young Ju pushed back on doom-loop fears and that Bernstein analysts reiterated an outperform rating with a $450 target after the update. Strategy said the BTC purchases were made using net proceeds from ATM offerings.

Strategy said its USD Reserve balance was $1.0 billion as of June 7, including expected cash proceeds from unsettled ATM share sales. Strategy described the USD Reserve as support for preferred-stock dividends and interest on indebtedness.

The purchase followed Strategy’s sale of 32 BTC, described as the company’s first sale since 2022. Ki Young Ju pushed back on doom-loop fears and that Bernstein analysts reiterated an outperform rating with a $450 price target.

CoinGecko ranked Bitcoin first by market capitalization during the June 8, 2026 Central-time selection check. Strategy filed an 8-K dated June 8, 2026 reporting that it acquired 1,550 BTC between June 1 and June 7, 2026.

The doom-loop worry is the idea that a forced seller of Bitcoin would feed a downward spiral. The 32 BTC sale gave that fear a headline, and the 1,550 BTC buy gave the counterargument a number.

Strategy’s leadership made its stance plain ahead of the filing.

The treasury story remains what it has been for years. Strategy is still buying, still issuing shares to fund it, and still keeping a reserve to cover its obligations.

One small sale did not change that, and the latest purchase made the point in plain dollars.

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