Strategy Incorporated purchased an additional 1,587 Bitcoin for approximately $100 million between June 8 and June 14. The acquisition occurred just as Bitcoin prices surged past $65,000, driven by the finalization of a US-Iran peace agreement that formally ended a 100-day conflict and eased global geopolitical volatility.
The company disclosed the purchases in an 8-K filing submitted to the Securities and Exchange Commission on Monday. Strategy executed the buys at an average price of $63,024 per Bitcoin, inclusive of fees and expenses. To fund the acquisition, the firm sold 1,732,553 shares of its common stock through an at-the-market program, which generated $209 million in net proceeds last week.
Expanding the Corporate Treasury
Michael Saylor’s company now holds 846,842 Bitcoin. The total corporate accumulation required an aggregate cost of $64.07 billion. This brings the overall average purchase price for the firm to $75,656 per Bitcoin.
Strategy also reported its USD Reserve balance reached $1.1 billion as of June 14. The company maintains this specific fund to support dividend payments on preferred stock and interest on outstanding debt.
What Strategy Holding 4% of the Maximum Bitcoin Supply Means for Retail Markets
Strategy’s operational pivot from a traditional software analytics provider to a dedicated Bitcoin Treasury Company continues to consolidate available supply. With 846,842 Bitcoin secured on its balance sheet, the firm now controls over 4% of the asset’s absolute maximum supply cap of 21 million coins. By utilizing equity raises and corporate debt to fund continuous purchases, the company actively removes liquid supply from retail exchanges regardless of short-term price fluctuations.
This aggressive accumulation model directly impacts the broader equities market. Strategy’s treasury management has driven a total shareholder return of 2,394.27% over the past five years. The stock drastically outperforms standard U.S. equity indices, operating as a high-beta proxy for institutional investors seeking direct cryptocurrency exposure without managing underlying wallets.