Strategy Adds 1,550 BTC, Seeking to Ease Jitters After Unusual 32 BTC Sale
Strategy has bought an additional 1,550 Bitcoin this week, a move seen as an attempt to reassure investors after an unusually small BTC sale days earlier stirred debate across crypto markets.
The company said it spent about $101.3m on the purchase, lifting total Bitcoin holdings to 845,256 BTC.
The buying follows Strategy's disclosure that it sold 32 BTC in late May, one of the first standalone reductions in its Bitcoin position in years. While the sale was immaterial relative to the size of its treasury, it drew disproportionate attention given chairman Michael Saylor's long-held "never sell" posture on Bitcoin. Some traders took it as a potential signal that the firm could eventually turn into a structural seller in periods of market stress.
Strategy later said the 32 BTC sale was linked to treasury management and preferred-share dividend obligations, not a shift away from long-term accumulation. The latest purchase undercuts speculation that the earlier disposal reflected weakening conviction, and instead points to more active balance-sheet and liquidity management tied to the company's capital structure.
The episode played out against a fragile backdrop for Bitcoin. TradingView data show BTC slid from May highs above $80,000 to the low-$60,000s before stabilizing near $63,000. The daily Relative Strength Index (RSI) dipped into deeply oversold territory during the decline and has rebounded toward the high-20 range, indicating bearish momentum remains elevated despite the recovery attempt. Trading volume also jumped during the selloff, reflecting panic positioning and forced liquidations.
The developments also underscore a broader shift among crypto treasury firms: rather than operating purely as passive "buy-and-hold" vehicles, companies such as Strategy are increasingly managing financing structures, liquidity needs, and balance-sheet obligations alongside long-term crypto accumulation.
Final Summary: Strategy's purchase of 1,550 BTC comes days after a rare 32 BTC sale triggered fears it could become a structural seller. The new buying suggests the earlier sale was likely tied to treasury management rather than a retreat from Bitcoin accumulation.
