Key Highlights
- Strategy acquired 1,550 BTC worth approximately $101.3 million, expanding its total position to 845,256 BTC.
- The acquisition occurred at an average cost of $65,332 per Bitcoin — lower than the firm’s aggregate average of $75,680.
- The company financed the purchase through $181 million generated from equity sales via its at-the-market offering mechanism.
- This acquisition follows a contentious 32 BTC liquidation last week, the firm’s first divestment since 2022, which aligned with a 15–21% Bitcoin market decline.
- MSTR shares advanced 6.55% in pre-market sessions to $126.90 after the disclosure.
Strategy (MSTR) has resumed its Bitcoin accumulation strategy. The corporation acquired 1,550 BTC valued at approximately $101.3 million, as disclosed in a Monday Form 8-K submission to the Securities and Exchange Commission. Pre-market trading witnessed MSTR shares climb 6.55% to $126.90 in response.
This transaction elevates Strategy’s cumulative Bitcoin position to 845,256 BTC, obtained at a composite average cost of $75,680 per unit, representing a total investment of approximately $63.97 billion.
With Bitcoin currently trading near $63,600, the company’s cryptocurrency portfolio carries a market value of roughly $53.8 billion.
The most recent acquisition occurred at an average price point of $65,332 per BTC — below the organization’s overall cost basis, effectively reducing Strategy’s aggregate per-coin expense across its entire portfolio.
To finance this transaction, Strategy generated $181 million through equity offerings executed via its at-the-market program throughout the opening week of June.
Additionally, the corporation allocated a portion of these funds to strengthen its U.S. dollar reserves by $100 million, elevating total cash positions to $1 billion.
Resuming Accumulation Following Market Turbulence
This purchase arrives after a period of market upheaval. On June 1, Strategy liquidated 32 BTC — marking the company’s initial Bitcoin divestment since 2022 — generating approximately $2.5 million. While modest in scale, the transaction triggered significant market responses.
Bitcoin experienced a roughly 15–21% decline following the disposition, momentarily dipping beneath $60,000 for the first occurrence in four months before stabilizing above $62,000. The action generated backlash from market participants, with several expressing concerns about a potential cascading liquidation scenario should Strategy face pressure to divest larger holdings.
CNBC personality Jim Cramer publicly criticized Michael Saylor for allegedly “murdering Bitcoin.” CryptoQuant’s CEO Ki Young Ju countered this narrative, contending that absent Strategy’s consistent purchasing activity, Bitcoin would have declined to $22,000.
Wall Street Maintains Optimistic Outlook
Saylor remained composed throughout the controversy. On Sunday, he shared on X that conditions represented “a good time to add more dots” — his characteristic reference to expanding Bitcoin holdings.
Bernstein analysts reinforced this perspective in a Monday research note. They emphasized Strategy’s demonstrated capacity to expand its Bitcoin reserves throughout an approximately 50% price correction, citing the company’s overcollateralized financial structure and robust liquidity position.
Bernstein maintained its “Outperform” rating alongside a $450 price objective for MSTR.
The 1,550 BTC transaction represents Strategy’s initial purchase following the June 1 liquidation and signals the company’s definitive return to accumulation operations.
