Strategy Buys 1,550 BTC for $101M, Cash Reserves Hit $1B

Strategy (formerly MicroStrategy) has resumed Bitcoin accumulation, purchasing 1,550 BTC for $101 million at an average $65,332 per coin between June 1-7. The move lifts total holdings to 845,256 BTC and cash reserves to $1 billion after a brief pause. The firm had repurchased $1.5 billion of 2029 convertible notes at an 8% discount in late May before making its first BTC sale in four years—32 coins for $2.5 million—to fund STRC preferred dividends. Michael Saylor outlined a sustainable model requiring sales of just 1.4% of holdings annually under modest appreciation assumptions. Bitcoin trades below $72,000 amid sector rotation into high-yield preferred equity instruments.