Bitcoin

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Two weeks after announcing its first BTC sale in roughly four years, the Michael Saylor-founded business intelligence giant has reaffirmed its support for bitcoin, acquiring another 1,587 units for approximately $100 million.
The average purchase price was just over $63,000, and the company has also increased its USD stash by another $100 million to $1.1 billion. Its total crypto fortune has grown to 846,842 BTC, currently valued at almost $56 billion.
<blockquote class="twitter-tweet">
 Strategy has acquired 1,587 BTC for $100 million to increase our <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> Reserve to ₿846,842. We have also increased our USD Reserve by $100 million to $1.1 billion. <a href="https://x.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MSTR</a><a href="https://x.com/search?q=%24STRC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$STRC</a><a href="https://t.co/27PYXJN7GD" rel="noopener noreferrer nofollow">https://t.co/27PYXJN7GD</a>
 — Michael Saylor (@saylor) <a href="https://x.com/saylor/status/2066491610863419722?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 15, 2026</a>
</blockquote>
Recall that Strategy <a href="https://cryptopotato.com/strategy-sold-bitcoin-but-its-not-what-you-may-think/" rel="noopener noreferrer nofollow">sold off</a> 32 BTC a couple of weeks ago, which, despite what some critics claimed, wasn’t a capitulation event. Instead, it was necessary to support preferred stock distributions, including cash dividends across the firm’s stock series.
Aside from FUD that was among the reasons behind bitcoin’s price collapse to a 19-month low beneath $60,000, Strategy’s decision raised some eyebrows within the community and prompted Jim Cramer to say that the firm and its co-founder had “killed” the cryptocurrency.
Saylor was quick to respond, <a href="https://cryptopotato.com/i-never-said-the-company-wouldnt-sell-michael-saylor-fires-back-after-bitcoin-drop/" rel="noopener noreferrer nofollow">refuting</a> the FUD and indicating that he never said the company would not sell any BTC when it becomes necessary. However, he remains a firm believer that individual investors should refrain from dumping their bitcoin.
Moreover, Strategy <a href="https://cryptopotato.com/saylors-strategy-resumes-bitcoin-accumulation-spree-after-last-weeks-sale/" rel="noopener noreferrer nofollow">resumed</a> its accumulation spree last week, buying 1,550 BTC for just over $100 million.
Prominent crypto figures, such as Samson Mow and Lyn Alden, defended BTC, <a href="https://cryptopotato.com/bitcoin-cannot-be-killed-by-saylors-strategy-or-any-single-entity-alden/" rel="noopener noreferrer nofollow">arguing</a> that if a single entity that likes it so much to buy it cannot kill it with one decision to sell a tiny portion of its holdings.
The post <a href="https://cryptopotato.com/strategy-buys-another-1587-btc-as-bitcoin-sale-fud-fades-away/" rel="noopener noreferrer nofollow">Strategy Buys Another 1,587 BTC as Bitcoin Sale FUD Fades Away</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Strategy Buys Another 1,587 BTC as Bitcoin Sale FUD Fades Away

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