Strategy Bitcoin Buys Continue as Saylor Hints More, STRC Sales Cool
Strategy’s Bitcoin buys are continuing to draw attention. Michael Saylor posted the firm’s BTC holdings tracker with “more dots,” hinting that Strategy Bitcoin buys could extend further even as STRC preferred-share selling slows.
On Monday, Strategy confirmed its third straight weekly BTC purchase streak. From June 15–21, it bought about 520 BTC for roughly $34.9M. Prior weeks saw about 1,587 BTC (~$100M) and about 1,550 BTC (~$101M). These buys lift Strategy’s holdings to roughly 847,363 BTC, valued near $54B at recent prices.
The streak follows a rare BTC sale: a June 1 filing said Strategy sold 32 BTC (~$2.5M) in late May to fund STRC dividends—its first disclosed BTC sale since 2022. With STRC trading around ~$82.50 (about 17% below its $100 par value), Strategy paused STRC share sales, citing an estimated effective cost/yield near ~13% that generally requires cash coverage.
Importantly for flows: these Strategy Bitcoin buys were funded via sales of Strategy’s common stock, not STRC.
Traders should watch whether this weekly Strategy Bitcoin buys pattern persists, since it can support near-term sentiment and potentially influence BTC momentum.
Bullish
The latest update reinforces a near-term bullish signal for BTC: Strategy is sustaining weekly BTC purchases for a third straight week, with the buys funded via Strategy common stock rather than more BTC sales. That reduces the immediate supply overhang and keeps the market focused on continued institutional spot demand.
At the same time, the STRC context adds a conditional factor. Strategy paused STRC share sales due to STRC trading below par and a stated cash-coverage need, which could limit certain funding channels. However, the firm’s ability to keep buying through common-stock financing suggests the dominant effect for BTC is still accumulation.
Overall, if this weekly Strategy Bitcoin buys pattern continues, traders may expect supportive sentiment and potential upside follow-through in BTC. The main risk is a break in the buying cadence or a new funding-related change that forces BTC sales.