Strategy, formerly known as MicroStrategy, purchased another 1,587 BTC between June 8 and June 14, according to a filing with the U.S. Securities and Exchange Commission. The company said the purchase cost approximately $100 million at an average price of $63,024 per Bitcoin, while the market angle focused on the stock response to another Bitcoin treasury expansion.
MSTR gained 3.18% to $123.97 during regular trading, while after-hours trading added another 0.26% to $124.29. The move came as broader risk sentiment improved following reports of lower U.S.-Iran tensions and renewed focus on a possible peace deal.
Strategy funded the latest Bitcoin purchase using proceeds from at-the-market sales of its Class A common stock. The company sold 1,732,553 MSTR shares last week for approximately $209 million, leaving $25.75 billion available under the same equity issuance program as of June 14.
The new purchase brought Strategy’s total Bitcoin holdings to 846,842 BTC, worth around $56 billion at recent prices. Michael Saylor, the company’s co-founder and executive chairman, said the holdings were acquired at an average purchase price of $75,656 per Bitcoin, with a total cost of about $64.1 billion, including fees and expenses.
Strategy’s Bitcoin position now represents more than 4% of Bitcoin’s fixed 21 million supply cap. Based on current Bitcoin prices, the company’s holdings carry about $8.1 billion in paper losses compared with its reported total acquisition cost.
Saylor signaled the purchase before the filing by posting another Strategy Bitcoin acquisition tracker chart with the caption “Still adding dots.” The phrase has become closely associated with the company’s weekly Bitcoin purchase disclosures, with last week's Strategy’s acquisition of 1,550 BTC for about $101.3 million.
Strategy also said it increased its USD reserve by $100 million to $1.1 billion as of June 14. The reserve had stood at $1 billion a week earlier, and the increase came after market attention turned to the company’s liquidity position and dividend coverage.
Last week, JPMorgan analysts said Strategy’s recent 32 BTC sale had unsettled some investors and suggested that rebuilding dollar reserves could help reduce concerns around dividend funding. The prior reserve balance reportedly covered about 6.3 months of dividend payments.
As we reported, Strategy CEO Phong Le has recently clarified that the 32 BTC sale was not intended to fund dividends. He said the company mainly sold a small amount of Bitcoin to test its internal selling process and prepare the market for the possibility that a Bitcoin treasury firm may occasionally sell assets when management views it as useful for shareholders.
The company sold those 32 BTC between May 26 and May 31 at an average price of $77,135, raising roughly $2.5 million. Le also said the sale generated tax losses that may be used to offset related taxes.
The MSTR stock forecast remains closely tied to Bitcoin prices, investor demand for Strategy’s capital offerings, and confidence in the company’s treasury model. The stock’s latest gain came as Bitcoin recovered from $63,600 to, at press time, trading at $66,186, benefiting from improving geopolitical sentiment.
Strategy has also expanded its financing capacity through additional at-the-market programs, including up to $21 billion of MSTR shares, $21 billion of STRC preferred stock, and $2.1 billion of STRK preferred stock. STRC, a variable-rate cumulative preferred stock, offers monthly dividends and is designed to trade near its $100 par value.
At Strategy’s annual meeting, shareholders approved a change allowing STRC dividends to move from monthly to twice-monthly payments. Le said the change is intended to support price stability, liquidity, demand, and faster reinvestment opportunities for STRC holders.
