NEW YORK, June 7, 2026, 14:01 EDT
Strategy Inc shares are back in focus Monday, with Executive Chairman Michael Saylor saying late Sunday the company may start buying Bitcoin again. That comes days after a small Bitcoin sale rattled the stock’s main story.
Trading hours are key here. Nasdaq’s session goes from 9:30 a.m. to 4 p.m. ET on weekdays, so cash equities in the U.S. have not priced in anything posted over the weekend. Bitcoin, on the other hand, trades non-stop all weekend, unlike stocks.
Strategy ended Friday at $120.44, dropping 6.9% on the session and 19.7% on the week, TradingView data show. The name fell with the wider market. The Nasdaq Composite sank 4.7% last week, its sharpest weekly fall this year, and the S&P 500 slipped 2.6%.
The stock now trades as a Bitcoin proxy for investors who want exposure to Bitcoin, but it carries corporate debt and preferred-stock dividends too. Strategy says it’s the world’s largest Bitcoin treasury company, funding its Bitcoin buys with equity and debt deals as well as operating cash flow.
Last week traders weren’t facing an issue with size. Signal was the real problem.
Strategy unloaded 32 bitcoins between May 26 and May 31, netting $2.5 million at an average price of $77,135, according to a June 1 filing. The company said in the same filing it planned to use the proceeds for preferred-stock payouts. As of May 31, it reported holding 843,706 bitcoins bought at an average of $75,699, plus $900 million in U.S. dollar reserves. The filing also showed 801,994 common shares sold for $128.3 million in net proceeds.
Preferred stock typically ranks above common stock when it comes to dividends. Strategy’s “Stretch” preferred, trading under the ticker STRC, is a perpetual issue—it doesn’t have a maturity date.
Saylor posted on Sunday that it was “a good time to add more dots,” a phrase some traders see as a sign of another Bitcoin buy. CEO Phong Le said the talk about a change in the company’s strategy was “just rumors,” adding that Strategy’s goal is still to raise both its net Bitcoin and Bitcoin per share. CoinDesk
Bitcoin hovered close to $62,100 on Sunday afternoon in New York, steadying after a tough week that saw it dip under $60,000 at one point. That $60,000 mark matters for Strategy, since shifts in Bitcoin’s price can swing the value of its large Bitcoin reserves, changing the stock’s premium or discount for investors.
Greg Cipolaro at NYDIG said the bitcoin drop this week can’t be pinned to one event. He flagged AI stocks, talk of big tech IPOs, quantum computing risks, sanctions-linked crypto fears, and Strategy’s bitcoin sale all crossing wires for investors. “Viewed independently, none of these developments appears sufficient to drive a major correction in bitcoin,” Cipolaro wrote. CoinDesk
Competition in the sector is more straightforward than before. Backers wanting spot Bitcoin can use BlackRock’s iShares Bitcoin Trust, which ended Friday at $34.14, down 5.2%. Crypto activity is also available via Coinbase, off 7.1% at $152.40. The strategy folds Bitcoin, software and financing risk into a single stock.
Traders are watching three things this week: if Strategy announces another Bitcoin buy, if Bitcoin stays above its weekend bounce, and if investors see the 32-coin sale as just a liquidity play or as a sign Strategy may loosen up its treasury rules.
Dividend timing is in view for June. Strategy’s filing said the board cleared preferred dividends for June 30, going to holders on record June 15. The monthly STRC payout stays at an 11.5% annual rate. That brings the funding model up again.
But there’s also a clear risk. Investor’s Business Daily said a drop in Bitcoin could push Strategy’s STRC financing cost up to at least 11.75%, which would add around $26 million a year. The report also said that if STRC’s average price falls under 95 for the month, the rate could go to 13%. If Bitcoin falls harder, investors may start to view Strategy less as a growth story and more as a highly leveraged bet.
Saylor’s hint has put some fuel under the bulls for now. Traders will see on Monday if it holds up.
