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Strategy Buys 1,587 BTC for $100M, Holdings Rise to 846,842

Strategy completed its latest Bitcoin purchase of 1,587 BTC for approximately $100 million between June 8-14 at an average of $63,024 per coin, increasing total holdings to 846,842 BTC. This follows its June 8 acquisition of 1,550 BTC that lifted holdings to 845,256 BTC and Michael Saylor's June 14 tease of imminent buying. Meanwhile Strive accelerated its treasury strategy, growing holdings 30% from 15,391 BTC in mid-May to 19,032 BTC by June 8. Both firms continue aggressive accumulation financed through equity issuance despite Strategy's $10 billion unrealized loss and a brief sale of 32 BTC to cover dividends. Bitcoin has rebounded above $63,000 amid the renewed corporate demand.

Category

Bitcoin

Sentiment

Neutral

Event

Institutional filing

Reading time

1 min