Strategy Adds 1,550 BTC, Lifting Total Bitcoin Holdings to 845,256
Strategy disclosed it added 1,550 Bitcoin to its balance sheet between June 1 and June 7, spending $101.3 million at an average price of $65,332 per BTC. The purchase pushed the company's total Bitcoin holdings to 845,256 BTC.
The update follows a brief bout of selling that drew market attention. Strategy reported selling 32 BTC from May 26 to May 31 for roughly $2.5 million, its first reported Bitcoin sale since December 2022. The amount represented about 0.0038% of its holdings, but stood out given the firm's long-running accumulation strategy. Michael Saylor later posted it was "a good time to add more dots," without detailing timing or size. The latest filing confirms the company returned to buying the following week.
Strategy also raised its U.S. dollar reserve, increasing it by $100 million to $1 billion as of June 7. The company said the cash reserve is intended to support preferred stock dividends and interest payments, and includes expected proceeds from at-the-market (ATM) share sales that had not settled by that date. The larger buffer comes after concerns aired by JPMorgan that a thinner reserve could increase pressure to use Bitcoin to meet future obligations.
Funding for the latest Bitcoin purchase came through Strategy's ATM equity program. Over the week, the firm sold 1,409,600 MSTR shares, generating $181 million in net proceeds after commissions. The filing reported no sales of STRC, STRK, STRD, or STRF preferred stock during the period. Strategy said it still has sizable capacity remaining: about $25.96 billion under its MSTR programs and $17.51 billion under the STRC program.
Bitcoin traded near $63,600 at the time of the update. At that price, Strategy's 845,256 BTC position would be valued at about $53.8 billion, below the company's stated cost basis. Strategy reported total Bitcoin spending of roughly $63.97 billion, with an average acquisition price of $75,680 per coin.
The disclosure also coincided with fresh commentary from Saylor on Bitcoin's long-term trajectory. He outlined four groups he believes will shape the network: "Maximalists" focused on monetary purity, "Capitalists" expanding Bitcoin through financial markets, "Technologists" prioritizing network upgrades, and "Fundamentalists" defending the original design.
