Strategy (MSTR) has made another major acquisition, purchasing an additional 1,550 Bitcoin for $101 million. This takes its total holdings to 845,256 BTC. The firm has also revised its shareholder dividend policy alongside the purchase.

     Last month, Strategy broke its long-standing “Never Sell” principle for the first time. Between 26 and 31 May, it sold 32 Bitcoin — worth roughly $2.5 million — at an average price of $77,135. Critics such as Peter Schiff called it “panic selling”. However, Michael Saylor explained that the core software business was not producing sufficient cash to meet quarterly dividend payments to shareholders. As a result, a small amount of Bitcoin was sold to keep the balance sheet in order.

     Now, Strategy has bought back 1,550 Bitcoin at an average price of $65,332 per coin. This move reaffirms the company’s commitment to its “Buy the Dip” strategy.

     I do not hold any Bitcoin myself — only a few Satoshis that remain unsold. I currently lack the capital to “buy the dip”, though it does appear to be an opportune moment.