Strategy Acquires 1,045 BTC for $110M, Total Holdings Reach 582,000 Bitcoin

• Strategy bought 1,045 BTC for $110.2 million between June 2 and June 8.
• The firm now holds 582,000 BTC worth over $62 billion.

Bitcoin treasury firm Strategy has acquired an additional 1,045 BTC for $110.2 million. This acquisition, made between June 2 and June 8, brings its total holdings to 582,000 BTC. The average purchase price was $105,426 per coin, according to a June 9 SEC filing.

This marks the ninth consecutive week of Bitcoin accumulation by Strategy. Co-founder and executive chairman Michael Saylor hinted at the purchase on June 8 via social media. At the time of the filing, Bitcoin traded around $107,640 — near its all-time high of $112,000 reached in May.

The latest purchase was entirely funded through proceeds from preferred stock offerings. Strategy sold 626,639 STRK shares, raising $66.4 million under its $21 billion STRK ATM program. Additionally, the firm sold 432,679 STRF shares for $45.8 million under its $2.1 billion STRF program. These funds financed the full $110.2 million acquisition.

Strategy Doubles Down on Bitcoin

Notably, the company did not sell any MSTR common stock last week. The firm still has $18.6 billion worth of MSTR shares available for issuance. Strategy also announced and upsized a $1 billion STRD offering. This perpetual preferred stock offers a 10% non-cumulative dividend, unlike STRF, which provides a cumulative return.

Including fees and expenses, Strategy’s total Bitcoin investment now stands at $40.8 billion. The average cost per BTC across all holdings is $70,086. At current market prices, Strategy’s Bitcoin holdings are valued over $62 billion, suggesting paper gains of roughly $21 billion.

Strategy’s aggressive accumulation aligns with its “42/42” plan. This initiative targets an $84 billion capital raise through equity and convertible notes for Bitcoin acquisitions by 2027. The firm initially planned to raise $42 billion, but expanded after exhausting the equity portion.

Since beginning its Bitcoin strategy in August 2020, Strategy has grown its market cap from $1.2 billion to over $104 billion. It now holds approximately 2.75% of Bitcoin’s total 21 million supply. Analysts note that despite its premium to NAV, the firm’s low debt and no payments due until 2028 support its leveraged strategy.

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