Strategy Sold Shares and Bought $100 Million Bitcoin: This Is It? Bottom Was 2 Weeks Away?

Bitcoin (BTC)
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Strategy just filed confirmation of a $100 million Bitcoin buy executed at an average of $63,024, which is unexpectedly before it jumped, this hour, to $66,000. Good buy timing this time.

Strategy sold 1,732,553 shares of MSTR between June 8 and 14, 2026, generating $209.0 million in net proceeds through its ATM program. Half of that went into 1,587 BTC at an average of $63,024, the other half padded a USD reserve that now sits at $1.1 billion, earmarked for preferred stock dividends and debt servicing.

With $25.7 billion still available under the MSTR ATM and another $25.2 billion across STRF, STRC, STRK, and STRD preferred offerings, Strategy’s buying capacity is nowhere near exhausted.

The macro backdrop is tilting supportive too, a U.S.–Iran interim peace deal sent the S&P surging and Nasdaq up over 2%, risk assets catching a bid as geopolitical premium unwinds from oil and flows toward equities and crypto.

To make this more interesting, Strive also bought 74 Bitcoin, which was retweeted by Michael Saylor, after they talked about Strategy 32BTC sell last week.

Discover: The Best Crypto to Diversify Your Portfolio

Can Bitcoin Finally Run Now?

The range is well-defined. Our classical pivot analysis puts immediate support at $63,700, with the strongest floor at $62,600. Resistance overhead sits at $68,000 and $72,000, the level that needs a clean break to run the short-term structure more bullish.

Momentum indicators have heated up from prior oversold readings, which is neutral at best. We likely see a continuing chop between $64,000 and $68,000 until on-chain catalyst forces a resolution. The bull case, a push toward $71.5k–$73k, requires $68,000 to break with conviction and sustained volume follow-through.

Bitcoin (BTC)
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The bear case, which several Elliott Wave analysts are still running as their primary count, targets $56k–$52k if $60,000 gives way, with $45k cited as an extended downside scenario on higher timeframes.

Strategy’s $63,024 average cost on this tranche is almost exactly at the current pivot. If this level holds, they look sharp. If it doesn’t, macro threats including BOJ rate policy and global liquidity shifts could accelerate the flush.

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Bitcoin Hyper Targets Early Infrastructure Upside Before Companies Like Strategy Catch Bid

Traders watching Bitcoin grind through a range are starting to look at where asymmetric upside actually lives right now. At current levels, BTC needs a 10%+ move just to clear $73k resistance, it’s a meaningful ask in a risk-off macro environment.

Early-stage infrastructure plays on Bitcoin’s own ecosystem are attracting attention precisely because the upside math is different.

Bitcoin Hyper is positioning itself as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration. It is also faster execution than Solana itself, delivered on top of Bitcoin’s security model. It’s an ambitious project with sub-second finality, low-cost smart contract execution, and a decentralized canonical bridge for BTC transfers, all without abandoning the base layer’s trust guarantees.

The presale has raised $32 million at a current token price of just $0.0136, with staking already live. Those are real numbers with real participants.

Find Bitcoin Hyper here, and be ready for the next disruptive crypto product.

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