Blab Crypto
Strategy (MSTR) Buys 1,587 BTC for $100M, Expands Holdings to 846,842 BTC
When a company that has long been the biggest corporate holder of bitcoin opens its vaults again, the market takes note. In the week of June 8‑14, Strategy Inc. (NASDAQ: MSTR) added 1,587 bitcoins to its treasury, spending $100 million from a fresh common‑stock sale. The purchase, averaged at $63,024 per coin, pushes the firm’s total holdings to 846,842 BTC—roughly 4 % of the eventual supply.
The transaction was disclosed in a filing released Monday morning. In the same document, Strategy announced that its USD reserve had grown to $1.1 billion, a $100 million boost funded by the stock sale. The reserve was originally set up in December 2025 to cover dividends on preferred shares and interest on debt. By allocating half of the $209 million raised through its at‑the‑market program to bitcoin and the other half to the reserve, Strategy is funding both its accumulation strategy and its obligations through equity issuance rather than liquidating existing bitcoin or cash.
At current market prices, the company’s bitcoin holdings are valued at roughly $56 billion. Across all purchases, the average cost per coin is $75,656, according to the filing. Strategy remains the largest corporate holder of bitcoin, controlling about 4 % of the total supply that will ever exist.
The move follows a June 1 sale of 32 BTC that Strategy used to fund preferred‑share dividends. That was the company’s first bitcoin sale since 2022 and briefly unsettled investors who had treated the firm as a pure accumulator.
“We’re still adding dots,” said CEO Michael Saylor in a brief statement shared on social media. The comment echoed the company’s ongoing buying cadence.
Shares of MSTR were up 5 % in pre‑market trading on Monday, while bitcoin traded above $66,000 after the U.S.–Iran deal that lifted risk assets earlier in the week.
Strategy’s use of preferred‑share proceeds to purchase bitcoin has been a core part of its treasury policy since 2020. The company’s preferred stock, which has a dividend rate that can be converted into bitcoin, provides a hybrid financing tool that balances equity and debt characteristics.
The company’s recent actions demonstrate a continued commitment to expanding its bitcoin position while maintaining a buffer to meet dividend and debt obligations. The $1.1 billion reserve provides flexibility during periods of market volatility.
Analysts note that the purchase, while modest relative to the company’s total holdings, signals confidence in bitcoin’s long‑term value. The transaction also underscores the firm’s strategy of using equity issuance to fund both accumulation and obligations.
As of the filing, Strategy’s bitcoin holdings are worth about $56 billion, and the company’s USD reserve stands at $1.1 billion. The firm’s approach to treasury management and preferred‑share financing continues to attract attention from investors and market observers alike.
The company has not announced any immediate plans to change its preferred‑share terms or to alter its bitcoin buying pace. Investors will likely watch for future filings to gauge whether Strategy will adjust its strategy in response to market conditions.
In summary, Strategy’s recent purchase of 1,587 BTC for $100 million, coupled with a $100 million increase in its USD reserve, reflects a deliberate use of equity issuance to fund both its bitcoin accumulation and its preferred‑share dividend obligations. The company remains the largest corporate holder of bitcoin, holding roughly 4 % of the total supply.
The transaction was disclosed in a filing released Monday morning. In the same document, Strategy announced that its USD reserve had grown to $1.1 billion, a $100 million boost funded by the stock sale. The reserve was originally set up in December 2025 to cover dividends on preferred shares and interest on debt. By allocating half of the $209 million raised through its at‑the‑market program to bitcoin and the other half to the reserve, Strategy is funding both its accumulation strategy and its obligations through equity issuance rather than liquidating existing bitcoin or cash.
At current market prices, the company’s bitcoin holdings are valued at roughly $56 billion. Across all purchases, the average cost per coin is $75,656, according to the filing. Strategy remains the largest corporate holder of bitcoin, controlling about 4 % of the total supply that will ever exist.
The move follows a June 1 sale of 32 BTC that Strategy used to fund preferred‑share dividends. That was the company’s first bitcoin sale since 2022 and briefly unsettled investors who had treated the firm as a pure accumulator.
“We’re still adding dots,” said CEO Michael Saylor in a brief statement shared on social media. The comment echoed the company’s ongoing buying cadence.
Shares of MSTR were up 5 % in pre‑market trading on Monday, while bitcoin traded above $66,000 after the U.S.–Iran deal that lifted risk assets earlier in the week.
Strategy’s use of preferred‑share proceeds to purchase bitcoin has been a core part of its treasury policy since 2020. The company’s preferred stock, which has a dividend rate that can be converted into bitcoin, provides a hybrid financing tool that balances equity and debt characteristics.
The company’s recent actions demonstrate a continued commitment to expanding its bitcoin position while maintaining a buffer to meet dividend and debt obligations. The $1.1 billion reserve provides flexibility during periods of market volatility.
Analysts note that the purchase, while modest relative to the company’s total holdings, signals confidence in bitcoin’s long‑term value. The transaction also underscores the firm’s strategy of using equity issuance to fund both accumulation and obligations.
As of the filing, Strategy’s bitcoin holdings are worth about $56 billion, and the company’s USD reserve stands at $1.1 billion. The firm’s approach to treasury management and preferred‑share financing continues to attract attention from investors and market observers alike.
The company has not announced any immediate plans to change its preferred‑share terms or to alter its bitcoin buying pace. Investors will likely watch for future filings to gauge whether Strategy will adjust its strategy in response to market conditions.
In summary, Strategy’s recent purchase of 1,587 BTC for $100 million, coupled with a $100 million increase in its USD reserve, reflects a deliberate use of equity issuance to fund both its bitcoin accumulation and its preferred‑share dividend obligations. The company remains the largest corporate holder of bitcoin, holding roughly 4 % of the total supply.
