Key Highlights
- Strategy acquired 1,550 BTC worth approximately $101.3 million, expanding its treasury to 845,256 BTC total.
- The acquisition was executed at an average cost of $65,332 per Bitcoin — lower than the firm’s cumulative average of $75,680.
- The capital was sourced from $181 million raised through its at-the-market equity offering program.
- This acquisition follows a contentious 32 BTC disposal last week, the company’s first since 2022, which preceded a 15–21% Bitcoin price decline.
- MSTR shares gained 6.55% in pre-market hours, reaching $126.90 after the disclosure.
Strategy (MSTR) has resumed its Bitcoin accumulation strategy. The firm acquired 1,550 BTC valued at approximately $101.3 million, as disclosed in a Monday filing with the Securities and Exchange Commission. Pre-market trading saw MSTR shares climb 6.55% to $126.90 on the announcement.
This transaction elevates Strategy’s cumulative Bitcoin position to 845,256 BTC, purchased at a blended average cost of $75,680 per token, representing a total investment of approximately $63.97 billion.
With Bitcoin currently trading near $63,600, the company’s digital asset holdings carry a market value of roughly $53.8 billion.
The recent acquisition was executed at an average price of $65,332 per Bitcoin — positioned below the company’s portfolio-wide average, effectively reducing Strategy’s cost basis across its entire position.
The financing for this purchase came from $181 million generated through equity sales via Strategy’s at-the-market offering program during early June.
Additionally, the company allocated a portion of these funds to strengthen its U.S. dollar reserves by $100 million, elevating total cash holdings to $1 billion.
Resuming Accumulation Following Market Volatility
This purchase arrives after a period of significant market disruption. On June 1, Strategy liquidated 32 BTC — marking the company’s first Bitcoin disposal since 2022 — generating approximately $2.5 million. Though modest in scale, the transaction triggered substantial market reaction.
Bitcoin’s price plummeted approximately 15–21% in the aftermath, momentarily dipping below $60,000 for the first time in four months before stabilizing above $62,000. The sale drew sharp criticism from market participants, with some expressing concerns about a potential cascade effect should Strategy be compelled to liquidate larger holdings.
CNBC personality Jim Cramer directly criticized Michael Saylor, accusing him of “murdering Bitcoin.” However, CryptoQuant CEO Ki Young Ju offered a counterargument, suggesting that without Strategy’s consistent buying activity, Bitcoin could have declined to $22,000.
Market Observers Maintain Positive Outlook
Saylor remained undeterred. On Sunday, he shared on X that it represented “a good time to add more dots” — his signature phrase indicating Bitcoin accumulation.
Bernstein analysts echoed this sentiment in Monday research commentary. They emphasized Strategy’s demonstrated capacity to expand its Bitcoin reserves through significant price volatility, citing the company’s well-capitalized and liquid financial position.
Bernstein maintained an “Outperform” rating alongside a $450 price objective for MSTR.
The 1,550 BTC acquisition represents Strategy’s first purchase activity since the June 1 disposition and signals the company’s decisive return to its accumulation strategy.
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