Strategy adds 1587 BTC to its balance sheet. This comes two weeks after its first disclosed Bitcoin sale in years raised questions.
Michael Saylor announced the purchase on X. He said the company bought the coins for about $100 million.
Why Strategy adds 1,587 BTC now
Saylor had hinted at the move hours earlier. He posted a short message saying, “Another Orange Star.” He often uses this phrase before Strategy Bitcoin updates.
Specifically, Saylor wrote: “Strategy has acquired 1,587 BTC for $100 million. ”He added that the purchase lifted the firm’s Bitcoin reserve to 846,842 BTC. Additionally, Strategy increased its U.S. dollar reserve by another $100 million to $1.1 billion.
The latest purchase places Strategy’s Bitcoin holdings near a market value of $56 billion, based on Bitcoin trading around the mid‑$60,000 range. Therefore, the company remains the largest corporate holder of Bitcoin.
Sale debate followed small BTC disposal
The new acquisition follows a period of scrutiny. Earlier, Strategy sold 32 BTC between May 26 and May 31. That sale raised about $2.5 million at an average price of $77,135 per BTC.
This sale drew attention because Strategy has long built its identity around Bitcoin accumulation. Some market voices treated the sale as a change in direction. Nevertheless, the amount represented only a small fraction of the company’s total holdings.
As previously reported, Strategy CEO Phong Le said the sale was a test of internal systems. He clarified that it was not a sign that the firm needed cash for dividends. He also said the company still had other funding tools, including equity and preferred stock.
Cash reserve also moves higher
Strategy has increased both sides of its reserve position. Specifically, it added Bitcoin and raised its dollar reserve to $1.1 billion. Consequently, it now has more liquidity as preferred stock obligations remain in view.
Earlier coverage noted that Strategy had raised its dollar reserve to $1 billion after buying 1,550 BTC for about $101.3 million during the first week of June. The June 15 update adds another 1,587 BTC and another $100 million in cash.
Therefore, this sequence suggests Strategy is still adding Bitcoin while keeping more cash on hand. The dollar reserve may help the company meet dividend and financing needs without relying only on Bitcoin sales.
Meanwhile, the purchase helps answer some doubts caused by the 32 BTC sale. Strategy remains a net buyer. Notably, the latest transaction was far larger than the earlier disposal.
What to watch next
Investors continue to watch how the firm balances Bitcoin accumulation with preferred stock payments and debt‑linked obligations. The company’s model now depends on Bitcoin prices, capital markets access, and reserve management.
