Strategy buys 1,587 Bitcoin for $100 million
Nasdaq-listed Bitcoin-centric firm Strategy announced today that it purchased 1,587 Bitcoin between June 8 and June 14, investing approximately $100 million in the crypto asset. Following the acquisition, its total Bitcoin holdings have increased to 846,842 BTC, valued at roughly $56 billion.
The Virginia-based company raised capital through its ATM stock issuance program to finance the latest purchase. Last week, it raised $209 million in net proceeds via common stock issuance and used part of the proceeds to acquire 1,587 BTC, according to a SEC filing.
Strategy reported that its USD Reserve totaled $1.1 billion as of June 14. The reserve, set up in December 2025, is designated to cover preferred dividends and interest payments and includes unsettled ATM proceeds.
Strategy has been on this trajectory since 2020, when Michael Saylor first pivoted his enterprise software firm into what is essentially a Bitcoin holding company with a software business attached.
Saylor, who serves as Executive Chairman, has turned the routine into something of a ritual. The latest acquisition continues that pattern, coming just one week after Strategy’s purchase of 1,550 BTC for $101 million. The two buys in two weeks amount to more than $200 million in fresh Bitcoin exposure.
But the pattern broke slightly last month. Between May 26 and May 31, Strategy sold 32 BTC for $2.5 million, marking the company’s first Bitcoin sale since 2022. The firm is now sitting on almost $8 billion in unrealized losses on its Bitcoin holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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