Saylor Buys 100 Million Dollars of Bitcoin and Increases Its Reserves to 846,842 BTC

Michael Saylor continues his accumulation of bitcoin despite the weak market. Strategy has just invested 100 million dollars in 1,587 additional BTC, bringing its total reserves to 846,842 bitcoins.

Strategy Adds Another 1,587 Bitcoin

Strategy bought 1,587 BTC between June 8 and June 14, 2026. The operation comes only one week after its previous purchase, which had already allowed the company to add 1,550 bitcoins to its balance sheet.

The average price of this new acquisition is 63,024 dollars per Bitcoin. Strategy therefore takes advantage of a weakened market to buy well below its overall average acquisition cost, now set at 75,656 dollars per bitcoin.

At the end of the operation, the company holds exactly 846,842 BTC. These reserves cost about 64.07 billion dollars. Strategy remains by far the most exposed publicly traded company to Bitcoin.

The company did not use only its available cash. It funded the acquisition through its market share sale program, called ATM. This mechanism allows it to gradually issue securities to raise capital.

Between June 8 and June 14, Strategy sold about 1.73 million ordinary MSTR shares. These operations generated nearly 209 million dollars. Less than half of this sum was then used to purchase Bitcoin.

The programs involving preferred shares STRC, STRF, STRK, and STRD remained inactive during the same period. Strategy thus favored issuing its ordinary shares, probably to avoid immediately increasing its commitments related to preferred dividends.

A Portfolio Still Under Pressure

The new acquisition slightly lowers the portfolio’s average cost. But it is not enough to put Strategy in profit on all its bitcoins when BTC trades below 75,656 dollars.

This situation shows the dual nature of Michael Saylor’s strategy. Buying during downturns allows accumulating more BTC at a better price. But each new purchase also increases the company’s financial exposure to a particularly volatile asset.

The MSTR stock price now largely depends on this massive reserve. When Bitcoin rises, investors can view Strategy as an amplified exposure to BTC. When the market falls, the effect works the other way and heightens concerns about the balance sheet.

Saylor Does Not Abandon His Model

Michael Saylor hinted at this acquisition in a message posted on Sunday. His phrase, “keep adding points,” regularly accompanies Strategy’s purchase announcements and now acts as a signal anticipated by the market.

This accumulation confirms that the company does not question its main direction. Strategy continues to use financial markets to convert part of the capital raised into Bitcoin, even when its portfolio shows an unrealized loss.

The model, however, becomes more complex. The company must manage its debt, its dollar reserves, its ordinary shares, and several categories of preferred securities. It notably has a cash reserve of 1.1 billion dollars intended to support the payment of dividends and interest.

The question is therefore no longer only how many Bitcoin Strategy can buy. Investors also watch its ability to sustainably finance its commitments without excessively diluting its shareholders. After the recent sale of 32 BTC, this new purchase shows that Saylor remains faithful to accumulation while maintaining more flexible maneuvering room than before.