Strategy Purchases 1,550 $BTC for $101 Million in First Buy Since Early June Sale

Strategy (MSTR) acquired 1,550 $BTC for approximately $101 million at an average price of $65,332 per coin, according to a Monday announcement from Executive Chairman Michael Saylor. The purchase brings the company's total bitcoin holdings to 845,256 $BTC, acquired for just under $64 billion at an overall average price of $75,680.

The acquisition marks Strategy's first $BTC purchase since Saylor sold 32 $BTC on June 1. Last week, $BTC fell roughly 15%, briefly trading below $60,000 before rebounding above $62,000. The latest buy was executed below Strategy's overall average acquisition cost.

To fund the purchase, Strategy issued $181 million of common stock during the period. The company also used part of the proceeds to add $100 million to its U.S. dollar reserves, bringing total cash reserves to $1 billion.

Separately, market data shows $BTC's MVRV Z-Score is approaching the historical bear-market bottom near zero, a level reached in prior cycles of 2014, 2018, and 2022 before major recoveries began. The metric indicates that $BTC's market price is nearing its realized fair value following the recent sell-off.

As of the time of the report, $BTC was trading under $63,000, according to live market updates.