Strategy Adds 1587 Bitcoin to Holdings for $100 Million

Strategy, the publicly listed company controlled by Michael Saylor, has continued its Bitcoin accumulation strategy. The firm purchased 1,587 BTC for $100 million between June 8 and Sunday at an average price of $63,024 per bitcoin.

This acquisition was made below Strategy's reported average cost basis of about $75,656, which is slightly lower than the previous average of $75,700. The company now holds a total of 846,842 BTC, valued at around $56.1 billion at current market prices.

The purchase was funded through sales of Strategy's Class A common stock, with approximately $209 million raised by selling 1.73 million shares during the period. Preferred share programs showed no activity over the week covered by the filing.