Michael Saylor’s firm increases holdings to 846,842 BTC through equity issuance
Strategy acquired 1,587 bitcoin for $100 million between June 8 and June 14, pushing its total holdings to 846,842 BTC, according to a filing and announcement on June 15. The purchase price averaged $63,024 per coin.
Michael Saylor announced the acquisition via Twitter, stating: “Strategy has acquired 1,587 BTC for $100 million to increase our $BTC Reserve to ₿846,842. We have also increased our USD Reserve by $100 million to $1.1 billion.”
Strategy raised the capital for both the bitcoin purchase and the USD Reserve increase through equity issuance. The company sold approximately 1.73 million MSTR shares through an at-the-market program during the same week, generating $209 million in proceeds.
The USD Reserve, established in December 2025, is designed to cover dividends on preferred shares and interest on debt without forcing Strategy to liquidate bitcoin or deplete cash reserves. The reserve now stands at $1.1 billion after the $100 million increase.
Strategy holds approximately 4% of the total bitcoin supply. At current trading prices of $66,000 per coin, the company’s 846,842 BTC holdings are valued at roughly $56 billion, though the average cost across all holdings is $75,656 per coin. The total cost basis of Strategy’s bitcoin accumulation is $64 billion.
The acquisition follows a June 1 disclosure that Strategy had sold 32 bitcoin to fund preferred dividends. That sale and the latest purchase demonstrate Strategy’s dual approach: maintaining its core bitcoin position while managing corporate obligations through equity sales rather than asset liquidation.
Strategy is the largest corporate holder of bitcoin. The company has used equity issuance as its primary funding mechanism for acquisitions and reserves, allowing it to preserve its bitcoin holdings and avoid selling into the market.
