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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/15/2026

Strategy Adds 1,587 BTC for $100M, Total Holdings Now 846,842 BTC

What happened: Strategy Inc.

Strategy Adds 1,587 BTC for $100M, Total Holdings Now 846,842 BTC

What happened: Strategy Inc. (Nasdaq: MSTR), led by Michael Saylor, purchased 1,587 BTC for approximately $100 million, bringing its total holdings to 846,842 BTC—over 4% of Bitcoin’s capped supply and worth about $56 billion at current prices. The average cost basis for these holdings is around $75,656 per BTC, meaning the company is currently underwater on its aggregate position. The buy follows Strategy’s first BTC sale since 2022 (32 BTC for preferred dividends), which Saylor characterized as immaterial.

Why it matters: Strategy’s continued accumulation, even at a cost basis above spot, reinforces its conviction in Bitcoin as a treasury reserve asset. The purchase dwarfs recent sales and signals ongoing institutional demand. However, the firm’s mark-to-market losses highlight the risks of aggressive accumulation strategies, especially amid volatile market conditions. Saylor’s reference to “25% of the Mag8 now holds bitcoin” after the SpaceX IPO suggests a broader trend of large-cap corporates adopting BTC, but the sustainability of such moves remains debated.

Source: The Block