Strategy buys 1,550 BTC at $65,332 despite $10.85B…

Michael Saylor's Strategy added another 1,550 BTC for $101.3 million at an average price of $65,332 last week, pressing deeper into its accumulation playbook even as the position sits well underwater on a mark-to-market basis.

Why it matters

The purchase brings Strategy's total holdings to 845,256 BTC — a $53.12 billion position at current prices — acquired at a blended average of $75,680 per coin. At current BTC levels, that translates to an unrealized loss of $10.85 billion, or roughly -16.96% on the full stack. The continued buying despite that drawdown is the signal: Saylor is treating price weakness as a discount window, not a stop-loss trigger. For institutional observers, the Form 8-K filing that disclosed the purchase confirms this is a board-sanctioned treasury operation, not discretionary trading.

Market impact

Strategy remains by far the largest corporate BTC holder on record, and each new purchase filing tends to reset the narrative around corporate treasury adoption. The $101.3 million tranche is modest relative to the overall position, but the consistency of accumulation — even through a nine-figure unrealized loss — reinforces the thesis that Strategy's BTC exposure is structural and long-duration. Traders watching BTC spot will note that Strategy's cost basis at $75,680 creates a psychological reference point; a sustained move back above that level would flip the entire treasury position back into the black.

Source: [source](https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blt0eb10e46a66647c3/6a26adab8355c350c5f649f2/form-8-k_06-08-2026.pdf)