Fake sell-off or real bottom fishing? Strategy buys 1,550 BTC, sparking market conspiracy theories.
Last week, Michael Saylor announced on X that he sold 32 BTC, causing panic selling in the market, with Bitcoin dipping below $60K. However, Strategy followed up by investing over $100 million last night to acquire 1,550 BTC, raising their total holdings to a historic high. This move has sparked heated discussions in the market, raising suspicions about whether Michael Saylor intentionally sold off to buy back at a lower price. Strategy has invested $101 million to acquire 1,550 BTC, bringing our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H — Michael Saylor (@saylor) June 8, 2026 Recently, Strategy has raised funds by selling company stock, using $101 million to buy 1,550 BTC, fully compensating for the sale of 32 BTC last week, bringing total holdings to 845,256 BTC, a new all-time high. Management has also reiterated that the company's long-term strategy of accumulating Bitcoin remains unchanged. Clarifying the minor sell-off concerns: the company emphasized that it was solely for paying preferred dividends. Last week, Strategy rarely sold 32 BTC (only 0.0038% of total holdings), which triggered market panic selling. The company clarified that this was purely to meet preferred dividend payment obligations, not a strategic shift. Additionally, shareholders have agreed to change the dividend to be paid bi-monthly, and the company has correspondingly raised its USD reserves to $1 billion to ensure future dividend payments are secure. Bitcoin spot ETF sees net outflow, company still in the red. The US Bitcoin spot ETF has seen four consecutive weeks of net outflows, with last week's outflow amounting to $1.72 billion. Bitcoin's recent price has slightly risen from a low of $59K to around $62K, but since Strategy's average holding cost for Bitcoin is $75,680, their digital asset position is still facing a paper loss. Selling coins to buy low? Netizens say: best trade ever. This move of 'sell first, buy later' has sparked conspiracy theories about price manipulation. After Michael Saylor sold 32 BTC, the market dropped 14% within a week. Yesterday, the company quickly bought back 1,550 BTC for $101 million, with the amount purchased being 48 times the amount sold, at an average price of around $65K, making each coin cheaper by $11,800 compared to before, achieving about an 11% discount. X comment account cryptorover stated that Michael Saylor's move is simply 'the best trade ever.' This article appeared first in Fake sell-off or real bottom fishing? Strategy buys 1,550 BTC, sparking market conspiracy theories.
Last week, Michael Saylor announced on X that he sold 32 BTC, causing panic selling in the market, with Bitcoin dipping below $60K. However, Strategy followed up by investing over $100 million last night to acquire 1,550 BTC, raising their total holdings to a historic high. This move has sparked heated discussions in the market, raising suspicions about whether Michael Saylor intentionally sold off to buy back at a lower price. Strategy has invested $101 million to acquire 1,550 BTC, bringing our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H — Michael Saylor (@saylor) June 8, 2026 Recently, Strategy has raised funds by selling company stock, using $101 million to buy 1,550 BTC, fully compensating for the sale of 32 BTC last week, bringing total holdings to 845,256 BTC, a new all-time high. Management has also reiterated that the company's long-term strategy of accumulating Bitcoin remains unchanged. Clarifying the minor sell-off concerns: the company emphasized that it was solely for paying preferred dividends. Last week, Strategy rarely sold 32 BTC (only 0.0038% of total holdings), which triggered market panic selling. The company clarified that this was purely to meet preferred dividend payment obligations, not a strategic shift. Additionally, shareholders have agreed to change the dividend to be paid bi-monthly, and the company has correspondingly raised its USD reserves to $1 billion to ensure future dividend payments are secure. Bitcoin spot ETF sees net outflow, company still in the red. The US Bitcoin spot ETF has seen four consecutive weeks of net outflows, with last week's outflow amounting to $1.72 billion. Bitcoin's recent price has slightly risen from a low of $59K to around $62K, but since Strategy's average holding cost for Bitcoin is $75,680, their digital asset position is still facing a paper loss. Selling coins to buy low? Netizens say: best trade ever. This move of 'sell first, buy later' has sparked conspiracy theories about price manipulation. After Michael Saylor sold 32 BTC, the market dropped 14% within a week. Yesterday, the company quickly bought back 1,550 BTC for $101 million, with the amount purchased being 48 times the amount sold, at an average price of around $65K, making each coin cheaper by $11,800 compared to before, achieving about an 11% discount. X comment account cryptorover stated that Michael Saylor's move is simply 'the best trade ever.' This article appeared first in Fake sell-off or real bottom fishing? Strategy buys 1,550 BTC, sparking market conspiracy theories.