Strategy added 1,587 Bitcoin for $100 million last week, making it the only major public company tracked by SoSoValue to expand its Bitcoin holdings during the period.
The purchase came as broader corporate demand appeared muted, with other listed firms staying inactive across global markets.
A smaller Bitcoin purchase at below average cost
The company bought the Bitcoin between June 8 and June 14 at an average price of $63,024 per coin, according to its latest 8-K filing with the US Securities and Exchange Commission. The addition raised Strategy’s total holdings to 846,842 BTC, valued at about $56 billion at recent market prices.
Strategy funded the acquisition through its at-the-market equity program. During the same period, it sold 1,732,553 shares of Class A common stock, MSTR, and raised $209 million in net proceeds. Less than half of that amount was used for Bitcoin, while the balance increased cash reserves.
The latest purchase was below Strategy’s blended average cost basis. Its Bitcoin holdings were acquired for about $64.07 billion overall, at an average price of $75,656 per coin. Based on recent Bitcoin prices, the position carries an unrealized loss of roughly $8 billion.
Strategy dominates public company Bitcoin holdings
The limited activity outside Strategy was central to last week’s corporate Bitcoin data. SoSoValue showed about $100 million in net Bitcoin purchases by tracked public companies, with Strategy accounting for the entire total.
Metaplanet, one of the most active listed Bitcoin buyers after Strategy, has not reported a new purchase for two consecutive months. Public companies tracked by SoSoValue hold about 1.12 million BTC, equal to roughly 5.6% of Bitcoin’s circulating supply and worth around $74.4 billion.
Strategy controls about 75% of that total, leaving it as the dominant listed corporate holder. Executive Chairman Michael Saylor hinted at the latest acquisition before the filing by posting a purchase chart with the phrase, “Still adding dots.”
Cash reserves and preferred stock draw attention
Strategy still has a large funding capacity. Its filing showed $25.7 billion of MSTR shares available under the current at-the-market program. It also listed the remaining preferred stock capacity of $17.5 billion in STRC, $4 billion in STRD, $2.1 billion in STRK, and $1.6 billion in STRF.
STRC pays monthly dividends at an annualized rate of 11.5%, but has traded below its $100 par value since mid-May. Strategy has not used it for Bitcoin purchases in the past month. Shareholders voted last week to move STRC dividends from monthly to twice-monthly.
The company held $1.1 billion in dollar reserves as of June 14, up from $1 billion a week earlier. MSTR recently traded near $131 after the disclosure, while Bitcoin was little changed.
