Bitcoin: Michael Saylor sold 32 BTC… then bought back 3,137 two weeks later!

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By TP

Business is picking up. The American company Strategy continues its Bitcoin acquisition policy while adapting the management of its corporate cash flow. Between June 8 and 14, 2026, the company acquired an additional 1,587 BTC for an approximate amount of $100 million. This operation is a continuation of the company’s weekly publications, which now holds a total of 846,842 BTC. Alongside this accumulation, the structure preserves notable financial flexibility by increasing its dollar liquidity reserve to reach $1.1 billion, thus consolidating its position as the world’s largest institutional holder.

The key points of this article:Strategy acquired an additional 1,587 BTC, solidifying its position as the world’s largest institutional holder.
This Bitcoin accumulation strategy is supported by securities issuances, with increased flexibility thanks to a liquidity reserve of $1.1 billion.


Regular accumulation supported by securities issues

This latest purchase of 100 million dollars closely follows a previous acquisition of 1,550 Bitcoins made at the beginning of June. Strategy mainly finances these investments through share issue mechanisms on the market or through specific financial instruments such as its preferred shares. The average price of this recent operation is around $63,000 per unitwhich indicates execution during a price stabilization phase. This systematic approach allows the company to control approximately 4% of the total circulating supplytransforming its balance sheet into an investment vehicle backed by this technology. The accumulation of these reserves serves as the foundation of a long-term business strategy, despite fluctuations in the overall market. The company’s management also uses these assets as reserve capital to guarantee the solvency of its structure. Investors watch these regular announcements closely because they reflect the company’s ability to raise institutional capital to convert them into digital assets, maintaining constant buying pressure in the market.

The American company Strategy is continuing its Bitcoin acquisition policy while adapting the management of its corporate cash flow. Between June 8 and 14, 2026, the company acquired an additional 1,587 BTC for an approximate amount of $100 million. This operation is a continuation of the company's weekly publications, which now holds a total of 846,842 BTC. Alongside this accumulation, the structure preserves notable financial flexibility by increasing its dollar liquidity reserve to reach $1.1 billion, thus consolidating its position as the world's largest institutional holder.New purchase of BTC for the world leader in Bitcoin Treasury Company – Source: Account

Strategy and Bitcoin: Evolution of the economic model and collateral management

This redemption phase compensates a more unusual operation occurred at the end of May, when Strategy sold 32 bitcoins to honor dividend payments. This first sale since 2022 has raised questions among observers, because it deviates from the strict policy of integral conservation defended by the management. During an intervention in mid-June in Prague, managers justified this decision by the evolution of the company’s economic model. The company now uses its assets as collateral to issue yield-generating credit products, which requires technical flexibility including the possibility of marginal sales. The establishment of these financial instruments aims to attract capital in a manner comparable to yields from traditional bond markets. Management thus maintains that the value of the company’s securities depends directly on the credibility of these backed products, making active guarantee management essential. Although some analysts criticize this change in method and see it as a complexity of the initial messagethis reorientation seeks to maintain the attractiveness of digital assets in the face of sectoral competition from artificial intelligence, which is currently capturing significant capital flows. The trade-off between strict conservation and monetization of reserves in the form of credit products redefines Strategy’s role in the markets. The transition to a model of issuer of backed securities demonstrates a professionalization of the financial circuits linked to digital assets. The sustainability of this structure now rests on the balance between capital accumulation and distribution of returns to institutional shareholders.