Strategy Lifts Bitcoin Holdings to 845,256 BTC After $101M Buy
What happened: Strategy (formerly MicroStrategy) purchased 1,550 BTC for $101 million between June 1–7, at an average price of $65,332 per coin.
What happened: Strategy (formerly MicroStrategy) purchased 1,550 BTC for $101 million between June 1–7, at an average price of $65,332 per coin. The company now holds 845,256 BTC—over 4% of the total 21 million supply—worth approximately $53.5 billion. The purchase was funded by the sale of 1.4 million shares of MSTR stock, boosting cash reserves to $1 billion.
Why it matters: Strategy’s aggressive accumulation continues even as Bitcoin trades well below the firm's average cost basis of $75,680, leaving the company about $11.7 billion underwater on its aggregate position. The move follows a rare sale of 32 BTC to fund a preferred stock dividend, breaking a longstanding "never sell" stance and prompting investor debate about the company's risk profile and capital strategy.
Source: CoinDesk