#SaylorHintsStrategyBitcoinBuy

Strategy on Monday disclosed a bitcoin purchase valued at more than $100 million, after billionaire Michael Saylor’s firm—the world’s largest institutional holder of bitcoin—announced a rare sale of the cryptocurrency amid a broad drop in the world’s most valuable digital asset.

Strategy, in a Securities and Exchange Commission filing on Monday, disclosed it purchased 1,550 bitcoin for $101.3 million last week at an average price of $65,332 per coin, which it funded through $181 million in stock sales.

The announcement comes roughly a week after Strategy disclosed the sale of 32 bitcoins to raise about $2.5 million to pay dividends to stockholders, the company’s second such sale and its first since December 2022, amplifying bearish sentiment for the crypto market as bitcoin’s value fell below $60,000 for the first time since October 2024.

Bitcoin’s value rose as high as $63,926 early Monday, up as much as 8% since hitting a recent low of $59,159 on Friday.