MicroStrategy's discount method? After selling some Bitcoin, buy back 1,550 coins on dips, STRC approved for semi-monthly dividends.

MicroStrategy increased its Bitcoin holdings by investing $101 million to buy 1,550 BTC during a market dip, and its preferred stock STRC was approved for semi-monthly dividends. On the same day, Ethereum reserve company Bitmine also made a large purchase.

MicroStrategy buys 1,550 BTC on market dip

Recently, after MicroStrategy (Strategy), a major Bitcoin holder, sold 32 BTC, the market experienced volatility. However, the company announced last night (6/8) that during a roughly 15% drop in Bitcoin price last week, it spent $101 million to buy 1,550 BTC at low prices, with an average purchase price of $65,332 per Bitcoin.

After this additional purchase, MicroStrategy’s total holdings reached 845,256 BTC, with a total invested amount close to $64 billion. The average purchase price remains at $75,680, still showing an unrealized loss.

Looking back, after MicroStrategy announced the sale of 32 BTC on June 1, Bitcoin quickly fell below $70k, and recently even dipped below $60k.

MicroStrategy’s USD reserves return to $1 billion

Meanwhile, MicroStrategy’s USD reserves also increased by $100 million, bringing total reserves to the $1 billion level.

JPMorgan recently pointed out that MicroStrategy’s annual preferred dividends and dividend expenses total up to $1.7 billion, while its current USD reserves can only cover 6.3 months, suggesting it needs to rebuild and expand its reserves to restore market confidence and reduce investor concerns about being forced to sell Bitcoin in the future to pay interest.

MicroStrategy STRC approved for semi-monthly dividends

At the same time, MicroStrategy’s official press release stated that the shareholders’ meeting has officially approved amendments to its perpetual preferred stock (STRC).

MicroStrategy President Phong Le said that STRC will change from monthly dividends to semi-monthly dividends. The goal is to stabilize the preferred stock price, reduce cyclical volatility, improve market liquidity, and provide holders with faster reinvestment opportunities. The new system will be implemented starting at the end of June 2026.

BitMine adds over 120k ETH on the same day

On the same day MicroStrategy increased its holdings, the world’s largest Ethereum reserve company, Bitmine, also made a large purchase during last week’s cryptocurrency price decline, buying 126,971 ETH worth about $214 million, marking the company’s largest weekly purchase since 2026.

Bitmine Chairman Tom Lee issued a statement saying that although they previously suggested slowing down the buying pace, the company believes this price correction does not reflect the strengthening of Ethereum’s fundamentals, so they decided to increase their buying power.

Currently, Bitmine holds 5.54 million ETH, about 4.59% of the supply, gradually approaching its target of 5% of the supply.

Despite facing an unrealized loss of about $9.6 billion on paper, Bitmine plans to emulate MicroStrategy’s financing model by issuing preferred shares that pay dividends to raise more capital.

US Bitcoin Spot ETF outflows expand

While reserve companies are still buying, recent capital flows in the cryptocurrency sector are generally under pressure.

Data from CoinShares on June 1 shows that, influenced by geopolitical risk in the Middle East, crypto investment products (ETPs) experienced net outflows of $1.67 billion over the week before last, the second-largest weekly outflow since 2026, with Bitcoin funds alone seeing outflows of $1.44 billion.

Additionally, according to SoSoValue data, US Bitcoin spot ETFs have experienced continuous net outflows since the week of May 15, with weekly outflows increasing; from $1 billion in the week of May 15, rising to $1.26 billion on May 22, $1.42 billion on May 29, and finally expanding to $1.72 billion in the week of June 5.

As of June 8, the latest data shows that US Bitcoin spot ETFs had a single-day net outflow of $91.37 million, with BlackRock’s IBIT outflowing $232 million, but other funds like Fidelity’s FBTC, Bitwise’s BITB, Ark’s ARKB, and Morgan Stanley’s MSBT experienced net inflows.