Strategy Adds 1,550 BTC After Brief 32-BTC Sale as Bitcoin Slides 20% in a Month
Strategy has returned to buying Bitcoin, disclosing a purchase of 1,550 BTC worth about $101.3 million after an unusual sale of 32 BTC. The move comes as Bitcoin steadies near $63,000 following a steep monthly pullback, with markets split on whether support around $60,000 will hold.
In an SEC filing dated June 8, Strategy said it bought 1,550 BTC at an average price of $65,332 per coin. The purchase followed a short-term sale of 32 BTC that raised roughly $2.5 million, which the company tied to funding corporate obligations including preferred-share dividend payments. The sale drew outsized attention because it departed from Strategy's long-running accumulation stance.
With the latest acquisition, Strategy's total Bitcoin holdings are now about 845,000 BTC, keeping Michael Saylor's firm the largest corporate holder of the cryptocurrency. Traders have treated the quick shift back to accumulation as a confidence signal while Bitcoin attempts to recover from a sharp drawdown.
Bitcoin was last trading around $63,800 after a volatile week that saw it dip to roughly $59,300 when it failed to remain above $62,000. The token is down about 10.9% over seven days and about 20.8% over 30 days.
Derivatives data point to a heavy deleveraging phase. Open interest in Bitcoin futures fell from about 901,000 BTC to around 716,000 BTC, suggesting broad liquidation of leveraged positions rather than a large build in fresh shorts. During the same stretch, Bitcoin also staged a brief rebound after more than $500 million in short liquidations were triggered in a single move.
Even so, analysts including Xanrox say the technical picture remains fragile, citing breaks from both ascending and descending channels that can indicate further downside risk. Bitcoin has held near $60,000, close to its 200-week moving average, a level that has historically acted as a key reset zone and is being closely watched by bulls and bears.
Market views remain divided. One camp sees the latest drop as a late-stage capitulation, pointing to the sharp fall in leverage, easing volatility, and liquidation-led selling rather than persistent weakness in spot demand. Another camp argues the trend damage suggests the correction may not be finished, with a sustained break below $60,000 opening the door to $54,000 and $52,000, and potentially toward $48,000 if macro pressures intensify and ETF outflows continue.
