After a brief pause, Michael Saylor's Strategy (MSTR) is once again loading up on Bitcoin (BTC) in a big way. The company disclosed a $105 million purchase last week, picking up 1,587 Bitcoin and lifting its total holdings to 846,842 BTC.
When and how the buy happened
The acquisition was carried out between June 8 and June 14 at an average price of $63,024 per bitcoin, with the money raised through at-the-market sales of the firm's Class A common stock. Notably, Strategy had temporarily stepped away from its investment plan the week before, so this purchase marks a return to its long-running bitcoin strategy.
Over the prior week, the company sold roughly 1.73 million MSTR shares through its ATM program, bringing in about $209 million. During that stretch, Bitcoin slid to as low as $59,000 before recovering to its current level around $66,000. Year to date, the leading cryptocurrency is down 23.78%, a sign of the broad selloff sweeping the crypto market.
A long bet that is underwater for now
Strategy's 846,842 BTC were acquired at an average cost of $75,656 per coin, amounting to a total outlay of roughly $64.1 billion once fees and expenses are included. At current prices near $66,000, that leaves the company sitting on about $8 billion in paper losses. Even so, the holding accounts for more than 4% of Bitcoin's hard-capped supply of 21 million coins, keeping Strategy by far the largest corporate bitcoin holder on the planet.
Cash reserve and share price
Beyond the bitcoin buy, Strategy confirmed that its USD Reserve climbed to $1.1 billion as of June 14, up from $1 billion the previous week. The reserve, set up in December 2025, is meant to cover dividend payments on the company's preferred shares and interest on its debt. MSTR stock rose 7.5% on Monday to $133.28.
Hopes of a market rebound
Some analysts believe the crypto market may be on the cusp of a turnaround, which could help explain the timing of Strategy's purchase. In early trading, Bitcoin is up 4% at $66,500. The rally follows an announcement by the United States and Iran that they have reached a permanent peace deal and pledged to halt military operations in the Middle East. Iran has yet to confirm the agreement, but other assets including Solana (SOL) and Ethereum (ETH) are also trading higher.
