Strategy Buys $110 Million in Bitcoin as BTC Holdings Near $63 Billion

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Strategy, formerly MicroStrategy, acquired 1,045 Bitcoin worth roughly $110 million at the time of purchase, according to a Securities and Exchange Commission filing on Monday.


The tokens, bought between June 2 and 8, bring Strategy’s total holdings of the cryptocurrency to roughly 582,000 Bitcoin worth $62.7 billion based on current prices, according to crypto data provider CoinGecko.


The Tysons Corner, Virginia-based Bitcoin software company’s latest buy marks its fourth-smallest Bitcoin acquisition this year, according to Saylor Tracker, a log of Strategy’s Bitcoin holdings.


It comes after the company last week notched its second smallest Bitcoin buy of the year, scooping up just $75 million worth of the digital asset. Bitcoin was recently trading at $107,300, up about 1.5% over the past 24 hours, according to crypto market data provider CoinGecko.. 


Strategy has announced a Bitcoin purchase for nine weeks straight, spending around $5.1 billion on Bitcoin since mid-April. 




In the filing, Strategy said that it has raised $112 million by issuing preferred stock. The company said that it raised $66.4 million and $45.8 million by selling its Perpetual Strife Preferred Stock (STRF) and Perpetual Strike Preferred Stock (STRK), respectively.


Strategy’s stock price rose 2% during pre-market trading on Monday, hitting $382 per share, according to Yahoo Finance. Over the past month, shares have slid 2.9%.


“Strategy is fully torqued Bitcoin,” Strategy co-founder and executive chairman Michael Saylor said Friday on X, formerly Twitter, highlighting the firm’s comparatively strong performance compared to Tesla, Bitcoin, Meta, and gold, among other companies and assets over the past year.


The firm’s latest Bitcoin acquisition comes as Strategy navigates several business challenges amid growing adoption of the world’s oldest cryptocurrency as markets continue to whipsaw amid widening economic and geopolitical uncertainties. 


Strategy’s premium has narrowed considerably as the company issues more shares to acquire Bitcoin—a move that could dilute its stock price.


The company’s value has also come under scrutiny even as a widening field of competitors adopts the first-mover’s Bitcoin-HODLing playbook. 


Two-hundred-twenty-six entities, including an increasing number of public companies, have established Bitcoin treasuries as of publication time, up roughly 10% in the past month, according to data from bitcointreasuries.net.


Meanwhile, institutional and retail investors’ demand for Bitcoin has waxed and waned over the past few months, as U.S. President Donald Trump’s back-and-forth tariff threats against China, the EU and other major U.S. trading partners stoke investors’ jitters. 


The volatility has affected Bitcoin’s market value, with the token trading between $101,000 and $108,000 in the past week, according to CoinGecko data


Edited by James Rubin


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