Bitcoin treasury giant Strategy has added another 1,045 BTC to its holdings, spending roughly $110.2 million between June 2 and June 8, according to a recent SEC filing. The purchase was made at an average price of $105,426 per Bitcoin, further solidifying the company’s aggressive accumulation strategy. With this acquisition, Strategy’s total Bitcoin holdings now stand at 582,000 BTC, valued at over $62 billion at current market rates.
The funding for this latest buy came from the company’s recent $1 billion preferred stock offering. Strategy issued 11.76 million shares of its 10% Series A Perpetual Preferred Stock at $85 per share, generating nearly $979 million in net proceeds after expenses. These funds were earmarked for further Bitcoin acquisitions and general corporate purposes. Notably, co-founder Michael Saylor did not sell any personal stock to fund the purchase.
This marks Strategy’s ninth straight week of Bitcoin accumulation—a streak that underscores its long-term confidence in the digital asset. Saylor even hinted at the move in a June 8 social media post, just before the official disclosure. With Bitcoin now trading near $107,000, close to its all-time high of $112,000, Strategy continues to buy on strength, rather than weakness.
Since first entering the Bitcoin market in August 2020 with a $250 million investment, Strategy has steadily grown its position and now owns about 2.75% of the total Bitcoin supply that will ever exist. Its market cap has surged in parallel, growing from $1.2 billion in 2020 to over $104 billion today, highlighting investor faith in its Bitcoin-heavy treasury model.
The move aligns with a broader trend among public companies embracing Bitcoin as a treasury reserve asset. Firms like Metaplanet in Japan and The Blockchain Group in France have also pivoted toward Bitcoin-centric balance sheets—often seeing their stock prices spike in response. Strategy remains at the forefront of this movement, using BTC not just as a hedge, but as a core corporate strategy.
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