Saylor Sold 32 BTC at $77K. He Just Bought 1,550 at $65K. June 9. — Bangladesh Guide
Strategy buys 1,550 BTC for $101M at $65K avg after selling 32 at $77K. BTC bounces to $63K after worst week since FTX. CPI tomorrow. Binance referral code RATE20 gives 20% discount. Tailored for Bangladesh traders with BDT deposit methods.
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Michael Saylor sold 32 Bitcoin at $77,135. The internet called him a fraud. Peter Schiff called it a Ponzi scheme. STRC dropped to $94. And then, quietly, an 8-K landed on Monday morning: Strategy acquired 1,550 BTC between June 1-7 for $101.3 million at an average price of $65,332. He sold 32. He bought back 48 times more — at a 15% discount. Total holdings: 845,256 BTC. Whatever you think of Saylor, the man just executed a textbook buy-the-dip while the rest of the market was capitulating.
Bitcoin is trading at $63,310 this morning, up 4% from Sunday’s sub-$60K low. The bounce is real — $320 million in shorts were liquidated in 15 minutes. But CPI drops tomorrow. SpaceX prices Wednesday. FOMC is in 8 days. The real test hasn’t started yet.
Strategy’s Buy: The Math That Matters
Forget the narrative. Look at the numbers.
| Strategy Activity | Detail |
|---|---|
| BTC sold (May 26-31) | 32 BTC at $77,135 avg |
| BTC bought (June 1-7) | 1,550 BTC at $65,332 avg |
| Net BTC change | +1,518 BTC |
| Net cost | $101.3M (funded via ATM equity) |
| Total holdings | 845,256 BTC |
| Average cost basis | ~$75,600 |
| Unrealized loss | ~$10.1B |
| MSTR shares sold (ATM) | 1,409,600 shares for $181M |
Strategy sold 32 BTC at $77,135 to fund STRC dividends. Then it sold 1.4 million MSTR shares at market to raise $181 million — and used $101.3 million of that to buy 1,550 BTC at $65,332. The remaining $80 million sits as operating capital.
The buy-to-sell ratio? Saylor promised “10 to 20 for every coin sold.” He delivered 48 to 1. The average purchase price of $65,332 is 15.3% below the $77,135 he sold at. In dollar terms, the 32-coin sale raised $2.5 million. The 1,550-coin purchase cost $101.3 million. The sale was a rounding error. The buy was a statement.
CEO Phong Le reinforced the message: “Our corporate strategy is to increase net Bitcoin and Bitcoin per share over time. Rumors otherwise are just rumors.”
But Strategy’s position is still $10+ billion underwater at a $75,600 average cost. And the funding mechanism — selling MSTR shares to buy BTC — only works as long as MSTR trades at a premium to its Bitcoin NAV. At current prices, that premium is razor-thin. If it evaporates, the buying engine stalls.
The Oversold Bounce: Relief or Reversal?
Bitcoin bounced 7% from Friday’s $59,100 low to Monday’s $63,310. The mechanics were classic short-squeeze: $320 million in short positions were liquidated in a single 15-minute candle as price ripped through $61K.
| Bounce Metrics | Value |
|---|---|
| Friday low | $59,100 |
| Monday high | ~$64,200 |
| Current price | ~$63,310 |
| Bounce magnitude | +7% |
| Short liquidations (15 min) | $320M |
| Total week liquidations | ~$7B |
| Fear & Greed | 12 (still extreme fear) |
| RSI (daily) | 26.4 (oversold) |
The week’s damage was the worst since FTX: the crypto market shed roughly $390 billion in market cap. Bitcoin dropped 15% in five days. Nearly $7 billion in leveraged positions were flushed. The Fear & Greed Index sat at 12 before the bounce — and still sits at 12 after it.
That last point is critical. The price bounced. The sentiment didn’t. When price recovers but fear stays extreme, it means the bounce is mechanical — short covering, not conviction. The $64,000-$64,200 zone is where the real test happens. If bulls can reclaim it with volume, the relief rally extends toward $67K. If sellers return there, we retest $60K.
Benzinga noted the hard truth: “The conditions that produced Thursday’s break and Friday’s low have not changed. The market needed $59,000 to hold, and it did. What it needs next is a reason to believe the recovery has substance.”
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The Weekly Close Broke $60K — What That Means
Bitcoin’s weekly candle closed below $60,000 on Sunday — the first time since 2024. The 200-week moving average at $61,800 — which has marked every cycle bottom in history — was breached intraweek but the close came below it.
| Weekly Candle (June 2-8) | Value |
|---|---|
| Open | ~$73,600 |
| High | ~$73,600 |
| Low | $59,100 |
| Close | ~$59,800 |
| Weekly decline | -18.7% |
| 200-week MA | $61,800 |
| Close vs 200WMA | Below |
In 2022, Bitcoin also closed below the 200-week MA in June — and then spent 16 months underneath it before recovering. The eventual bottom was $15,500, another 32% below the initial breach. If the same percentage applies today, the implied target is ~$40,000.
But in 2015, 2018, and March 2020, the 200-week MA touch was brief — a violent wick that was quickly reclaimed. The Monday bounce back above $63,000 is consistent with that pattern. The next weekly close (June 15) will be definitive: a close back above $61,800 would signal a false breakdown. A second close below confirms the 2022 pattern.
CPI Tomorrow: The Catalyst That Decides Everything
May CPI drops Tuesday morning (June 10). This is the single most important data point between now and FOMC on June 17. April’s headline CPI was 3.8% — the highest since May 2023.
| CPI Scenario | Headline CPI | Market Impact |
|---|---|---|
| Cool miss | Below 3.0% | Reprices toward 3 cuts, DXY drops to 99, BTC rallies to $67K+ |
| In-line | 3.3%-3.6% | FOMC becomes the deciding event, BTC ranges $60K-$65K |
| Hot print | Above 3.6% | Kills all 2026 rate cut probability, BTC retests $59K |
CryptoNews reports that prediction markets now price 69% probability of zero Fed rate cuts in 2026. The 10-year Treasury approached 4.5% on June 3. The Fed’s first dot plot under Chair Warsh lands June 17 — just seven days after CPI.
The asymmetry favors the downside surprise. Markets have already priced out all cuts and are debating hikes. If CPI comes in hot, it confirms what’s already priced. If it comes in cool, it reprices everything. The options market agrees — put skew on BTC has narrowed, suggesting the market sees more upside surprise potential than downside from here.
SpaceX IPO: The $75B Capital Vacuum Enters Final Phase
SpaceX’s bookbuilding window is open. Pricing is expected June 11, listing June 12 under ticker SPCX on Nasdaq.
| SpaceX IPO Timeline | Date |
|---|---|
| Bookbuilding | June 8-10 (live now) |
| Retail investor event | June 11 (~1,500 attendees) |
| Pricing | June 11 |
| Nasdaq listing (SPCX) | June 12 |
| Nasdaq-100 inclusion | ~July 6 (new fast-track rule) |
| Index fund buying | $22-27B estimated |
The demand numbers are staggering: $150 billion in orders against a $75 billion target — 2x oversubscribed. BNP Paribas estimates up to $50 billion could flow out of existing positions to fund SpaceX allocations, with semiconductors and leveraged ETFs as primary funding sources — and crypto as a “logical adjacent source.”
But CoinDesk’s analysis of stablecoin flows and on-chain data found no clear evidence of abnormal crypto-to-fiat conversion. The SpaceX-crypto link is “reasonable but unproven.”
The real liquidity shock comes later. A revised Nasdaq methodology allows SpaceX to enter the Nasdaq-100 after just 15 trading days — around July 6. Index funds will need to absorb $22-27 billion in SPCX shares. That’s passive buying that has to happen regardless of price.
The Clarity Act: Crypto’s Quiet Win
While everyone watched BTC crash, the Senate Banking Committee advanced the Digital Asset Market Clarity Act by a 15-9 vote. The bill would establish the first comprehensive federal regulatory framework for crypto — giving the CFTC jurisdiction over digital commodity spot markets while maintaining SEC oversight of investment contracts.
Why it matters now: Stifel’s Brian Gardner warns the bill needs to pass the Senate by end of July — “preferably in June” — or its prospects “deteriorate materially.” It needs 8 Democratic votes on the floor. The bill competes with reconciliation, FISA, and housing legislation for floor time before the August recess.
Regulatory clarity has historically been bullish for crypto. If the Clarity Act reaches a floor vote this month, it would be the first time crypto has a real path to a federal framework — removing the “regulation by enforcement” overhang that has weighed on institutional adoption since 2023.
Technical Levels: $64,200 Is the Litmus Test
The Monday bounce needs to clear $64,200 to prove it’s more than short-covering.
Resistance
| Level | Significance |
|---|---|
| $64,000-$64,200 | Monday high — the test zone |
| $65,700 | Last week’s pre-crash support |
| $67,000 | 30-day EMA zone |
| $70,000 | Major psychological level |
Support
| Level | Significance |
|---|---|
| $61,800 | 200-week MA |
| $60,000 | Psychological floor |
| $59,100 | 2026 low |
| $54,000 | Realized price — deep bear target |
RSI at 26.4 is still in oversold territory but has bounced off the 16 reading from Friday. The 14-day RSI needs to reclaim 30 to signal the oversold condition is resolving. Until then, bounces remain suspect.
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The Bottom Line
Saylor sold 32 BTC at $77K and bought 1,550 at $65K. Say what you want about the man — the trade execution was flawless. Strategy now holds 845,256 BTC, and the latest purchase came at 15% below where they sold. The “never sell” narrative is dead. The “buy more, buy cheaper” narrative is very much alive.
Bitcoin bounced 7% off the $59,100 low, but the Fear & Greed Index is still at 12. The bounce is mechanical, not emotional. The weekly close broke below $60K for the first time since 2024 and breached the 200-week moving average. Whether this is a 2020-style flush-and-rip or a 2022-style extended breakdown depends entirely on what happens in the next 72 hours.
CPI tomorrow morning. If it prints below 3.0%, the dot plot reprices, the dollar drops, and $59,100 becomes the cycle bottom. If it prints above 3.6%, we go back there. SpaceX prices Wednesday, absorbing $75 billion of capital. FOMC on June 17 delivers Warsh’s first dot plot.
Three catalysts. Eight days. The most important stretch for Bitcoin since the February war crash.
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Did Strategy buy more Bitcoin in June 2026?
Yes — Strategy acquired 1,550 BTC between June 1-7, 2026 for $101.3 million at an average price of $65,332, according to an 8-K filing on June 8. This came just days after the company disclosed its first Bitcoin sale since 2022 — 32 BTC sold at $77,135 average to fund STRC preferred stock dividends. The buy-to-sell ratio was 48:1, with Strategy purchasing at a 15.3% discount to its sale price. Total holdings rose to 845,256 BTC, maintaining Strategy’s position as the largest public corporate Bitcoin holder. The purchase was funded through an at-the-market equity program that sold 1,409,600 MSTR shares for $181 million in net proceeds. CEO Phong Le reaffirmed the company’s accumulation strategy, stating: “Our corporate strategy is to increase net Bitcoin and Bitcoin per share over time.”
This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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