TLDR
- Strategy acquired 10,100 Bitcoin between June 9 and June 15 for approximately $1.05 billion.
- The company now holds 592,100 BTC valued at over $63 billion in total.
- Strategy funded the latest bitcoin purchase using proceeds from multiple preferred stock offerings.
- The firm’s average purchase price is $70,666 per Bitcoin, for a total cost of $41.8 billion.
- Strategy’s capital raise plan has expanded to $84 billion through its ongoing “42/42” equity and note issuance strategy.
Strategy acquired 10,100 Bitcoin between June 9 and June 15, spending approximately $1.05 billion at $104,080 per bitcoin. This purchase brought Strategy’s total bitcoin holdings to 592,100 BTC, now valued at over $63 billion. The move pushed MSTR up 0.8% on Friday and 1.6% in early Monday trading.
The latest acquisition was disclosed in an SEC 8-K filing, showing a renewed pace in bitcoin purchases. Strategy used a mix of proceeds from its preferred stock offerings to fund the acquisition. This increased holding now represents 2.8% of Bitcoin’s capped 21 million supply.
The firm’s total bitcoin cost basis reached $41.8 billion, with an average purchase price of $70,666 per bitcoin. This implies approximately $21 billion in unrealized gains. Strategy continued its consistent capital deployment despite recent market fluctuations.
Strategy Targets $84 Billion Through 2027
Strategy raised part of the funds from its upsized $1 billion initial offering of STRD perpetual preferred stock. STRD offers a fixed 10% non-cumulative dividend and is not convertible to equity. The company also issued STRK and STRF shares worth $45.2 million and $28.6 million, respectively.
Strategy has $20.57 billion in remaining STRK stock and $1.98 billion in STRF available under at-the-market issuance programs. STRK carries an 8% fixed dividend and is convertible, while STRF offers a cumulative 10% dividend and is non-convertible. No common stock (MSTR) was sold last week, with $18.63 billion still eligible for issuance.
These preferred stock programs are part of Strategy’s broader “42/42” capital strategy plan, targeting $84 billion by 2027. This plan doubles its initial $42 billion “21/21” equity and note offering plan. Strategy expanded funding routes to accelerate its bitcoin acquisition strategy amid evolving market conditions.
Corporate Bitcoin Holdings Grow With Strategy Leading
Strategy remains the largest corporate holder of bitcoin, followed by new entrants like Metaplanet, which now holds 10,000 BTC. Twenty One, Nakamoto, and others have also adopted bitcoin treasury models. These firms joined established adopters like Semler Scientific and KULR.
A total of 228 companies now hold bitcoin on their balance sheets in various capacities. The model pioneered by Strategy continues to influence corporate treasury decisions globally. Some firms used equity while others turned to preferred stock or convertible debt.
Strategy’s capital mix allows it to operate with low immediate debt obligations and no payments due until 2028. Analysts note this structure can withstand a 90% drop in bitcoin for several years. However, long-term returns still depend on Bitcoin’s price trajectory.
