$BTC holds above 63,000 USD as Strategy resumes buying after a controversial sale
📌 Bitcoin continues to hold around the 63,000 USD area after its recent sharp pullback, while market attention has shifted to Strategy’s latest purchase of 1,550 BTC worth about 101.3 million USD, at an average price of 65,332 USD per BTC.
💡 The key point is not the size of the purchase, as 1,550 BTC is relatively small compared with Strategy’s total holdings. The bigger signal is that the company has returned to accumulation after selling 32 BTC last week, helping restore part of the Bitcoin treasury narrative that had come under short-term pressure.
📊 After this transaction, Strategy’s total holdings rose to around 845,256 BTC, keeping it as the largest publicly listed corporate Bitcoin holder. The new purchase price is also well below its historical average cost of around 75,680 USD per BTC, making the move look more like a strategic dip-buying action.
🔎 Another important detail is that the company raised its cash reserves to 1 billion USD after using its ATM stock sale program. This gives the balance sheet more flexibility, especially as Strategy still has to manage dividend obligations and a relatively complex capital structure.
⚠️ Although MSTR reacted positively after the news, shareholder dilution remains a key risk to watch. Continuing to sell shares to buy Bitcoin may support the long-term narrative, but it also forces investors to weigh BTC asset growth against the capital cost behind it.