Breaking: Michael Saylor Announces Buying $101M In Bitcoin For Strategy, MSTR Stock Soars 5%
Highlights
- Michael Saylor revealed that Strategy recently snapped up $101 million in Bitcoin.
- The company also boosted its USD reserve to $1 billion.
- In response to this announcement, the MSTR stock rallied nearly 5%.
Michael Saylor’s Strategy has kickstarted its Bitcoin acquisition spree after a long three-week halt. Today, it announced buying around $101 million worth of BTC.
Michael Saylor Reveals Another Bitcoin Buy
In a post on X, Michael Saylor noted that Strategy has acquired 1,550 BTC for $101 million. This purchase was made at an average value of $65,332 per BTC after the BTC price crashed heavily last week.
With this, the company has increased its Bitcoin reserve to 845,256 BTC. Further, they have also increased their USD reserve by $100 million to $1.0 billion, per its 8-K filing. It represents a major feat for maintaining STRC dividends.
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H
— Michael Saylor (@saylor) June 8, 2026
The acquisition comes after Michael Saylor previously confirmed resuming BTC buying this week. On Sunday, Saylor took to X to share the company’s Orange Dots chart, which shows Strategy’s Bitcoin purchases over the years. He added that it’s a “good time to add more dots,” hinting at fresh acquisitions.
The Latest 32 BTC Sale Drama
The 1,550 BTC purchase confirms their determination to keep buying Bitcoin amid recent backlash over selling 32 BTC. On June 1, the company disclosed selling 32 BTC worth $2.5 million in the last week of May.
It led to widespread criticism on social media as it stirred speculations around Michael Saylor’s Strategy selling more Bitcoin. Jim Cramer went as far as to say “Saylor ‘murdered’ Bitcoin.” However, with the latest purchase, the market is relieved.
In the premarket trading on Monday, the MSTR stock rose close to 5% following the announcement. At press time, the MSTR stock price surged 4.85% to $126.28.
However, it’s still down over 35% in the 1-month timeframe owing to recent market crash and volatility. Also, recently Strategy executives sold $15 million in MSTR shares, which led to insider trading concerns. Nonetheless, filings reveal the transactions were part of tax-related commitments.
Meanwhile, Strive seemed to take a playful jibe at the market for spreading FUD around Strategy’s 32 BTC sale. Alongside Michael Saylor, Strive CEO Matthew Cole also revealed an update on BTC acquisition.
Strive acquired an additional 32 $BTC for ~$2.1M at an average cost of ~$63,911 per bitcoin.$ASST $SATA pic.twitter.com/IrTRabfG8l
— Matt Cole (@ColeMacro) June 8, 2026
Strive acquired exactly 32 BTC worth $2.1 million last week. They could aimed to appease investor concerns by indicating that even if Saylor sold BTC, Strive absorbed the brunt of the selloff.
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