TLDR
Strategy now holds 582,000 BTC worth $61B, nearing the 600,000 BTC milestone after steady weekly buys.
June 9 buy added 1,045 BTC for $110M as Strategy continues dollar-cost averaging since 2020.
Over $3B raised via STRD, STRF, and STRK to fund ongoing Bitcoin acquisitions despite market volatility.
Insider Carl Rickertsen sold all MSTR shares, raising concerns amid consistent BTC accumulation.
Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has once again signaled a new Bitcoin acquisition as the firm continues its aggressive accumulation strategy. On Sunday, Saylor shared the company’s Bitcoin portfolio tracker on social platform X, a move that has historically preceded official purchase announcements.
Strategy currently holds 582,000 BTC, with a market value of approximately $61 billion. This recent tracker post marks the tenth consecutive week that Saylor has shared the company’s holdings publicly, often seen as a precursor to another BTC buy.
Consistent Weekly Buys Push Holdings Toward 600,000 BTC
Over the past nine months, Michael Saylor led Strategy has consistently added to its Bitcoin reserves. The firm recently purchased 1,045 BTC for $110 million on June 9.
Since the beginning of its accumulation in 2020, the company has adopted a dollar-cost averaging approach, steadily buying BTC regardless of market conditions.
Data from Michael SaylorTracker shows that the company has acquired over 335,000 BTC in the last year alone. The latest move may take Strategy’s total holdings closer to the 600,000 BTC milestone. This consistent strategy shows the company’s intent to increase its exposure to Bitcoin through weekly or monthly purchases, using different funding options including preferred stock offerings.
New Funding Sources Support Continued Accumulation
To support these frequent purchases, Michael Saylor led Strategy has diversified its fundraising efforts. The company launched new financial instruments including STRD, STRF, and STRK. These offerings have reportedly raised over $3 billion to fund its Bitcoin acquisitions.
STRD, the company’s preferred stock, is now listed on Nasdaq, creating new opportunities for institutional investors to gain exposure to Bitcoin indirectly. These offerings provide Strategy with continuous capital flow to purchase more BTC, even during uncertain market conditions.
Concerns Rise Among Investors Over Exposure and Insider Moves
While the market has shown a degree of optimism around Strategy’s performance, some investors remain cautious. Reports have emerged of insider sales, including Strategy director Carl Rickertsen selling his entire MSTR holdings. These moves have raised questions about internal sentiment, especially during an ongoing purchasing streak.
Skeptics such as economist Peter Schiff have issued warnings to shareholders. He cautioned that a potential Bitcoin price drop could affect MSTR’s valuation severely, especially given its close correlation with BTC price trends. Despite these concerns, MSTR stock has outperformed major tech firms like Apple, Tesla, and Amazon over the past 12 months.
Geopolitical Tensions and Bitcoin Resilience
The company’s purchasing strategy continues despite ongoing global uncertainty. This week, tensions escalated between Israel and Iran following airstrikes, yet Bitcoin maintained price stability near the $105,000 mark. This resilience may further validate institutional interest in Bitcoin as an asset class.
Meanwhile, Bitcoin ETFs saw over $1.3 billion in inflows over the past five trading days, according to Farside Investors. These inflows suggest that other institutional players continue to buy into Bitcoin despite global market uncertainty.
The Crypto Fear and Greed Index currently sits at 60, signaling increased investor confidence. This sentiment, combined with Strategy’s buying history, supports speculation of another BTC acquisition early in the week.
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