Key Highlights
- Strategy acquired 1,587 BTC for approximately $100M between June 8-14, at $63,024 average cost per Bitcoin
- Company’s Bitcoin treasury now totals 846,842 BTC, valued at approximately $56 billion at current market rates
- Raised $209M through at-the-market sale of ~1.73M MSTR shares to fund the acquisition
- USD Reserve expanded by $100M to reach $1.1 billion for dividend and debt service coverage
- Cantor Fitzgerald maintains Overweight rating on MSTR stock after the Bitcoin purchase
Strategy (MSTR) has resumed its Bitcoin accumulation strategy. During the week spanning June 8 through June 14, the enterprise acquired 1,587 BTC for roughly $100 million, with an average acquisition cost of $63,024 per Bitcoin.
Following the disclosure, MSTR shares climbed approximately 5% in pre-market trading, while Bitcoin itself was changing hands above the $66,000 threshold.
This acquisition pushes Strategy’s aggregate Bitcoin position to 846,842 BTC. Based on prevailing market valuations, this treasury is worth approximately $56 billion, despite the company’s average purchase price of $75,656 per coin — representing a cumulative investment of roughly $64 billion.
The figures indicate that Strategy is currently holding an unrealized loss when measured against its aggregate cost basis. Nevertheless, the company maintains its position as the world’s largest corporate Bitcoin holder, possessing approximately 4% of Bitcoin’s maximum supply cap.
The capital for this purchase originated from equity markets. Strategy generated $209 million during the same timeframe by divesting roughly 1.73 million MSTR shares via its at-the-market offering program, subsequently allocating $100 million toward Bitcoin acquisition.
Strategy Expands Its Dollar Reserves
The company simultaneously announced a $100 million increase to its USD Reserve, elevating the total to $1.1 billion. This reserve fund was established in December 2025 with the express purpose of servicing preferred stock dividends and outstanding debt interest obligations.
The simultaneous expansion of dollar reserves while continuing Bitcoin accumulation demonstrates that Strategy is pursuing both objectives through equity issuance — avoiding Bitcoin liquidation or cash reserve depletion.
This development carries significance because merely weeks prior, on June 1, Strategy liquidated 32 bitcoin to finance preferred dividend payments. That modest sale disturbed market participants and sparked speculation about potential changes to the company’s established buy-and-hold approach.
Cantor Fitzgerald Maintains Overweight Stance
Cantor Fitzgerald responded swiftly to stabilize market sentiment. The investment firm reaffirmed its Overweight rating on MSTR following the recent purchase, asserting that the acquisition should alleviate concerns that the June 1 liquidation signaled a strategic pivot.
Cantor emphasized that the move demonstrates the increasing complexity of balancing treasury accumulation with liquidity requirements and capital structure obligations.
Meanwhile, Canaccord revised its MSTR price target downward to $163 from $224 after the June 1 sale, while maintaining its Buy recommendation. The firm characterized that earlier transaction as minimal and largely symbolic, though market reaction proved notably negative.
MSTR shares currently trade at $123.97, reflecting a market capitalization of $43.6 billion. The equity exhibits a beta coefficient of 3.47 and has declined 67.6% over the trailing twelve months.
Strategy’s shareholder base recently authorized modifications to the dividend disbursement schedule for its Variable Rate Series A Perpetual Stretch Preferred Stock, transitioning from monthly to semi-monthly distributions. This measure received approval at the 2026 Annual Stockholders Meeting.
Options market activity surrounding MSTR has intensified, with 952,761 contracts changing hands recently — a substantial proportion consisting of put options.
InvestingPro analytics reveal Strategy maintains a current ratio of 6.05, indicating liquid assets significantly exceed near-term liabilities.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
