Strategy Buys Another 1,587 Bitcoin, Expanding Holdings to 846,842 BTC

Strategy has purchased an additional 1,587 Bitcoin for approximately $100 million. The acquisition was made between June 8 and June 14 at an average purchase price of $63,024 per Bitcoin.

Following the latest purchase, Strategy now holds 846,842 BTC, making it the largest corporate holder of Bitcoin. The company’s total Bitcoin investment stands at roughly $64.1 billion, including fees and expenses, with an average acquisition cost of $75,656 per coin.

At current market prices, the company’s Bitcoin holdings are valued at around $56 billion and represent more than 4% of Bitcoin’s maximum supply of 21 million coins.

Stock Sales Continue to Fund Bitcoin Strategy

The latest Bitcoin purchase was financed through the sale of Strategy’s Class A common stock. During the past week, the company sold more than 1.73 million MSTR shares and raised approximately $209 million. Strategy also confirmed that more than $25.7 billion worth of shares remain available under its stock issuance program.

Michael Saylor hinted at the purchase before the announcement by posting his well-known Bitcoin tracker chart on X with the message, “Still adding dots.”

Growing Focus on Cash Reserves and Long-Term Plans

Strategy also increased its US dollar reserve to $1.1 billion from $1 billion a week earlier. Analysts have recently discussed the importance of maintaining larger cash reserves to cover dividend obligations and strengthen investor confidence.

The company continues to expand its capital-raising programs, including preferred stock offerings designed to fund future Bitcoin acquisitions. Despite recent market volatility, Strategy remains committed to its long-term Bitcoin strategy as corporate adoption of the cryptocurrency continues to grow worldwide.