MicroStrategy Buys 1,550 BTC for $101M, Lifts Reserves to $1B
MSTR•MicroStrategy acquired 1,550 BTC for $101M between June 1–7 at an average price of $65,332 per coin, boosting its total holdings to 845,256 BTC and increasing USD reserves to $1 billion. This followed its first Bitcoin sale since 2022—32 BTC at $77,135 to cover preferred stock dividends—leaving a $75,680 cost basis and over $9 billion in unrealized losses.
1. Recent Bitcoin Accumulation
Between June 1 and 7, MicroStrategy purchased 1,550 BTC for $101 million at an average price of $65,332 per coin, raising its total Bitcoin holdings to 845,256 BTC. The company funded these purchases through equity offerings, convertible notes and existing cash reserves.
2. First Bitcoin Sale Since 2022
MicroStrategy sold 32 BTC at $77,135 each to cover preferred stock dividend obligations, marking its first Bitcoin sale since January 2022. The small divestiture amounted to just 0.0038% of total holdings and was executed to maintain dividend payments without tapping other capital sources.
3. Cost Basis and Unrealized Losses
With an average cost basis of $75,680 per BTC, the current market value at around $65,000 creates over $9 billion in unrealized losses on MicroStrategy’s balance sheet. Investors remain focused on whether continued accumulation will drive long-term shareholder value despite the paper deficit.
