Strategy’s Bitcoin Moves: What’s Really Driving the Stock Surge?

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(SeaPRwire) –   By: Logan Pierce

Strategy (MSTR) is back in the Bitcoin buying game. They scooped up 1,550 BTC for about $101.3 million, upping their total to 845,256 BTC. This purchase was at an average $65,332 per BTC, below their $75,680 overall average. Funding came from $181 million in stock sales in early June through their at – the – market program. They also boosted their dollar cash reserves by $100 million, reaching $1 billion.

Just a week earlier, on June 1, Strategy sold 32 BTC for around $2.5 million, their first sale since 2022. Bitcoin dropped 15 – 21% after that, hitting below $60,000 for the first time in four months before bouncing back. Traders had a field day criticizing, with Jim Cramer accusing Michael Saylor of “murdering Bitcoin.” But CryptoQuant’s Ki Young Ju said without Strategy’s buys, Bitcoin could’ve dropped to $22,000.

Despite the drama, analysts at Bernstein are bullish. They pointed to Strategy’s ability to grow its Bitcoin stack even during a 50% price drop, thanks to its strong balance sheet. They reiterated an “Outperform” rating and a $450 price target on MSTR. This latest 1,550 BTC purchase marks Strategy’s return to accumulation mode.

Author bio: Logan Pierce, independent business writer covering crypto and stocks on platforms like Medium.