Strategy adds 1,550 BTC for $101M, lifts holdings to 845,256

Strategy disclosed it acquired 1,550 BTC for approximately $101.3 million at an average price of $65,332 per coin between June 1 and June 7, according to an 8-K filing with the SEC on Monday. The company now holds 845,256 BTC in total — worth around $53.5 billion at current prices, bought at a blended average of $75,680 per bitcoin for a total cost basis of roughly $64 billion including fees and expenses. The latest buy was funded by proceeds from at-the-market sales of MSTR Class A common stock, with $25.96 billion of share capacity still available under the program.

The acquisition marks Michael Saylor's first disclosed bitcoin purchase since the company revealed on June 1 that it had sold 32 BTC — its first sale since late 2022 — to cover an STRC preferred dividend. Saylor previewed the move on Sunday with his tracker chart captioned "A good time to add more dots," unusually explicit in framing current price levels as attractive while bitcoin traded in the low $60,000 range. The stack now represents more than 4% of bitcoin's 21 million supply cap.

Why it matters

The buy lands against a backdrop of a brutal reset for the corporate bitcoin-treasury cohort. MSTR is down 74% from its summer 2025 peak and closed Friday at $120.44, with a market cap-to-net-asset-value ratio of 0.89 (1.2 including debt and preferreds). Strategy's stock dropped 19.7% last week, broadly tracking bitcoin's slide from roughly $73,700 to a low near $59,300 before recovering above $63,000 over the weekend. Against that, the new disclosure at a $65,332 average price signals the accumulation engine is still firing — funded by equity issuance rather than the STRC preferred, which has spent three weeks off-par and not been used to buy bitcoin.

Bernstein analysts argued Monday that STRC's dividend coverage remains intact through cash reserves, ATM equity liquidity, and the option to sell bitcoin, adding that "MSTR has raised over a billion dollars in a week several times and equity liquidity remains strong." JPMorgan took a colder view after the early-June sale, warning the company's dollar reserves cover only about 6.3 months of dividend payments. Strategy said its USD reserve has been rebuilt to $1 billion as of June 7, up from $900 million at the end of May.

Market impact

Grayscale's Zach Pandl has argued that sustainable price recovery requires "other buyers" to step in beyond Strategy given the company's issuance constraints at current STRC and MSTR levels.