Strategy Buys Additional 705 BTC, Bringing Total Holdings to Nearly 581,000
Strategy (MSTR) has added another 705 bitcoin to its growing treasury, spending approximately $75 million in the latest purchase. This brings the company’s total bitcoin holdings to 580,955 BTC, further cementing its position as the largest corporate holder of the cryptocurrency.
The acquisition was executed at an average price of $106,495 per bitcoin, nudging Strategy’s cumulative average purchase price to $70,023 per coin.
To finance the purchase, the company tapped its at-the-market (ATM) equity offering program, raising capital through the sale of preferred stock. Between May 26 and June 1, Strategy issued 353,511 STRK shares for $36.2 million and 374,968 STRF shares for $38.4 million.
With bitcoin trading around $104,000, Strategy’s total BTC reserves are now valued at approximately $60 billion. The move underscores the firm’s ongoing conviction in bitcoin as its primary treasury reserve asset and highlights the continued institutional adoption of crypto at scale.
