MSTR Boosts Bitcoin Holdings with $100 Million Acquisition

Strategy, the Nasdaq-listed company behind Michael Saylor's bitcoin accumulation efforts, has significantly boosted its total holdings to 846,842 BTC after purchasing 1,587 BTC for approximately $100 million. The company made this purchase between June 8 and June 14 at an average price of $63,024 per bitcoin.

This acquisition was funded through at-the-market sales of the company's Class A common stock, which resulted in the sale of around 1.73 million MSTR shares last week for about $209 million. As of June 14, Strategy had $25.75 billion worth of MSTR shares available under its ATM program.

The total outlay for this purchase, including fees and expenses, was roughly $64.1 billion, with the company's average cost per coin being $75,656. At current prices near $66,000, Strategy carries approximately $8 billion in paper losses.