Michael Saylor’s firm, Strategy, has resumed its aggressive Bitcoin acquisition, purchasing $105 million worth of the cryptocurrency last week. The company added 1,587 Bitcoin, bringing its total holdings to 846,842 BTC, which represents over 4% of the total supply. The purchase was funded through stock sales, and the move comes as Bitcoin’s price shows signs of recovery following a broader market decline.
Strategy executed a $105 million Bitcoin purchase between June 8 and June 14, acquiring 1,587 coins at an average price of $63,024 each. The transaction was funded through at-the-market sales of the company’s Class A common stock, as disclosed in an SEC filing.
This purchase marks the resumption of the company’s investment plan after a brief pause the previous week. Last week, the firm sold approximately 1.73 million MSTR shares, raising about $209 million through its ATM program.
The company’s total holdings of 846,842 Bitcoin were acquired at an average cost of $75,656 per coin. At current prices near $66,000, this position results in approximately $8 billion in unrealized losses on a total outlay of roughly $64.1 billion.
Strategy remains the largest corporate Bitcoin holder globally. Its reserves now represent more than 4% of Bitcoin’s hard-capped supply of 21 million coins.
The firm also confirmed its USD Reserve increased to $1.1 billion as of June 14, up from $1 billion the previous week. This reserve exists to cover dividend payments on preferred shares and interest on company debt.
Bitcoin’s price is up 4% in early trading at $66,500, recovering from a low of $59,000 last week. Crypto markets are reacting to reports that the U.S. and Iran have reached a permanent peace deal, though Iran has yet to confirm the agreement.
