{"id":911433,"date":"2026-06-09T10:12:07","date_gmt":"2026-06-09T15:12:07","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/09\/billionaire-michael-saylors-strategy-buys-bitcoin-dip-with-100-million-purchase\/"},"modified":"2026-06-09T10:12:07","modified_gmt":"2026-06-09T15:12:07","slug":"billionaire-michael-saylors-strategy-buys-bitcoin-dip-with-100-million-purchase","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/09\/billionaire-michael-saylors-strategy-buys-bitcoin-dip-with-100-million-purchase\/","title":{"rendered":"Billionaire Michael Saylor’s Strategy Buys Bitcoin Dip With $100 Million Purchase"},"content":{"rendered":"
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Topline<\/h2>\n

Strategy on Monday disclosed a bitcoin purchase valued at more than $100 million, after billionaire Michael Saylor\u2019s firm\u2014the world\u2019s largest institutional holder of bitcoin\u2014announced a rare sale of the cryptocurrency amid a broad drop in the world\u2019s most valuable digital asset.<\/p>\n

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Bitcoin\u2019s price recently dropped under $60,000 for the first time since 2024. <\/span><\/p>\n

Getty Images for Bitcoin Magazine<\/small><\/p>\n<\/div>\n<\/figure>\n<\/div>\n

Key Facts<\/h2>\n
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Strategy, in a Securities and Exchange Commission filing<\/u><\/a> 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.<\/p>\n

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\u2019s second such sale and its first since December 2022, amplifying bearish sentiment for the crypto market as bitcoin\u2019s value fell below $60,000 for the first time since October 2024.<\/p>\n

Bitcoin\u2019s value rose as high as $63,926 early Monday, up as much as 8% since hitting a recent low of $59,159 on Friday.<\/p>\n

Strategy rose 3.8% as of Monday morning, though shares have plummeted by more than 33% over the last month.<\/p>\n<\/div>\n

big number<\/h2>\n

845,256. That\u2019s Strategy\u2019s total bitcoin holdings, aggregated at a market value of $63.9 billion, or about $75,680 per token, according to Strategy\u2019s disclosure. <\/p>\n

tangent<\/h2>\n

Cardano\u2019s ADA token, once the world\u2019s third-largest cryptocurrency behind bitcoin and ethereum, dropped to a low of just under $0.16 on Monday, its lowest level since December 2020. That extended a more than 26% decline for the token over the last week, following the cancellation<\/u><\/a> of Cardano\u2019s flagship summit. <\/p>\n

key background<\/h2>\n

Broader pessimism spread across the crypto market following Strategy\u2019s latest bitcoin sale, erasing the record-setting surge for the world\u2019s largest cryptocurrency that followed the 2024 presidential election. President Donald Trump\u2019s push for the U.S. to become the \u201ccrypto capital of the world\u201d fueled demand and optimism for the crypto market, with promises of pro-crypto legislation pushing bitcoin above $120,000 by July 2025, and then to $122,000 just days later. Bitcoin\u2019s value has steadily declined since hitting a peak in October 2025, following waning demand for spot bitcoin ETFs and lower odds of interest rate cuts. A hotter-than-expected labor market report last week further increased betting odds of an interest rate hike, aiding in bitcoin\u2019s sell-off.<\/p>\n

orbes valuation<\/h2>\n

Saylor, who founded Strategy, then known as MicroStrategy, in 1989, has an estimated net worth of $3.8 billion<\/u><\/a> as of Monday. His fortune plummeted during the dot-com crash, but Strategy\u2019s bitcoin investments made Saylor a billionaire once again, as Saylor has directed his firm to shift its corporate coffers into bitcoin.<\/p>\n

further reading<\/h2>\n

Forbes<\/span>Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally<\/span>By Ty Roush<\/span><\/small><\/span><\/span><\/span><\/a>Forbes<\/span>Cardano\u2014Once The Third-Largest Cryptocurrency\u2014Hits 6-Year Low: Here\u2019s Why<\/span>By Ty Roush<\/span><\/small><\/span><\/span><\/span><\/a><\/p>\n<\/div>\n

Read More<\/a>
\n Ty Roush<\/p>\n","protected":false},"excerpt":{"rendered":"

Topline Strategy on Monday disclosed a bitcoin purchase valued at more than $100 million, after billionaire Michael Saylor\u2019s firm\u2014the world\u2019s largest institutional holder of bitcoin\u2014announced a rare sale of the cryptocurrency amid a broad drop in the world\u2019s most valuable digital asset. Bitcoin\u2019s price recently dropped under $60,000 for the first time since 2024. Getty<\/p>\n","protected":false},"author":1,"featured_media":911434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[132,1174],"tags":[],"class_list":["post-911433","post","type-post","status-publish","format-standard","has-post-thumbnail","category-billionaire","category-michael"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/911433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=911433"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/911433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/911434"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=911433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=911433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=911433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}