Strategy Buys Another 1,587 Bitcoin for $100M, Holdings Reach 846,842 BTC
Strategy (MSTR), led by Michael Saylor, acquired 1,587 bitcoin for approximately $100 million between June 8 and June 14, at an average price of $63,024 per bitcoin, according to a Monday filing. This brings its total holdings to 846,842 BTC, worth about $56 billion at current prices, with an average purchase price of $75,656 per coin, totaling around $64 billion. The company also increased its USD Reserve by $100 million to $1.1 billion through common stock sales, signaling it funds both bitcoin accumulation and debt obligations via equity issuance rather than selling its bitcoin. Strategy remains the largest corporate bitcoin holder, owning roughly 4% of the total future supply. The purchase follows a June 1 disclosure that it sold 32 bitcoin to cover preferred dividends. MSTR shares rose 5% pre-market, with bitcoin trading above $66,000.
Key facts
- Strategy bought 1,587 BTC for ~$100M at $63,024 per coin.
- Total holdings reach 846,842 BTC, largest corporate holder.
- USD Reserve increased to $1.1B via stock sales.
- Company uses equity, not bitcoin, to fund purchases and obligations.
- MSTR shares up 5% pre-market; bitcoin above $66,000.