Corporate bitcoin holder expands position to 846,842 BTC, now 4% of supply
Strategy Holdings (MSTR) purchased 1,587 bitcoin for approximately $100 million between June 8 and June 14, funded through at-the-market sales of Class A common stock, according to an SEC filing dated June 14. The purchase brings the company’s total bitcoin holdings to 846,842 BTC, representing more than 4% of bitcoin’s hard-capped 21 million coin supply.
The company executed the purchase at an average price of $63,024 per bitcoin, below its average cost basis of $75,656 per coin across its entire position. Strategy raised approximately $209 million through the sale of 1.73 million Class A shares to fund the acquisition, part of an expanded at-the-market program authorizing up to $25.75 billion in additional MSTR share sales.
The purchase marks a resumption of accumulation after Strategy sold 32 BTC on June 1. JPMorgan analysts had previously flagged the company’s need to rebuild its dollar cushion following that rare sale. Strategy’s USD Reserve, established in December 2025 to cover dividend payments on preferred shares and debt interest, rose to $1.1 billion as of June 14, up from $1 billion the previous week.
“Still adding dots,” Michael Saylor, Executive Chairman, said in reference to the ongoing accumulation strategy.
The timing of the purchase coincided with bitcoin price volatility driven by external market forces. President Trump announced a peace deal with Iran scheduled for signing on June 19, which includes lifting a U.S. naval blockade and reopening the Strait of Hormuz. The announcement sent oil prices down approximately 5%, to $80 per barrel, creating broader market shifts that influenced bitcoin trading ranges.
Strategy’s preferred stock financing instruments have undergone structural changes. The STRC preferred stock, which offered an 11.5% annualized dividend rate, had been the primary bitcoin accumulation engine earlier in 2026 but has struggled since mid-May to reclaim par value. At the annual shareholder meeting, investors approved shifting STRC dividend payments from monthly to twice monthly. Phong Le, President and CEO, stated that the increased frequency is “designed to stabilize price, dampen cyclicality, drive liquidity, and grow demand for STRC, while giving STRC holders a faster reinvestment opportunity.”
Strategy expanded its capital-raising toolkit beyond MSTR share sales. The company now has authorization for up to $21 billion of additional STRC preferred stock and $2.1 billion of STRK preferred stock under revised ATM programs.
The 846,842 BTC position represents a total outlay of approximately $64.1 billion including fees. At bitcoin prices near $66,000 on the day of the filing, the position carried approximate paper losses of $8 billion relative to cost basis.
