Strategy (formerly MicroStrategy) Boosts Bitcoin Holdings: $110M Purchase Takes Treasury to 582,000 BTC, Fuels Market Bullishness
Strategy, formerly MicroStrategy, has further expanded its Bitcoin (BTC) holdings with the purchase of 1,045 BTC for $110.2 million between June 2 and June 8, 2025, at an average price of $105,426 per BTC. This brings its total Bitcoin reserves to 582,000 BTC, worth over $62 billion and representing about 2.8% of the total Bitcoin supply. The company’s average acquisition cost is now $70,086 per BTC, giving it an unrealized profit of approximately $21 billion. The acquisition was financed by issuing preferred stocks—Strike (STRK) and Strife (STRF)—raising $66.4 million and $45.8 million, respectively, and indicating ongoing large-scale fundraising capacity. Strategy has also introduced a third preferred stock, Stride (STRD), offering a 10% non-cumulative annual dividend. The company continues to pursue its ambitious ’42/42’ capital-raising strategy, aiming to amass $8.4 billion by 2027 through stocks and convertible bonds to accelerate Bitcoin accumulation. This aggressive approach is being mirrored by 144 other public companies now adding Bitcoin to their treasuries. Bernstein analysts project potential $330 billion of additional corporate Bitcoin investment over the next five years if macroeconomic conditions remain amenable, which could provide significant price support. Strategy’s regular, sizable Bitcoin purchases reinforce perceptions of scarcity and stimulate bullish sentiment in the cryptocurrency market.
Bullish
Strategy’s continued large-scale accumulation of Bitcoin through innovative stock-based financing demonstrates strong institutional confidence in BTC as a store of value. With holdings now making up around 2.8% of the total Bitcoin supply, Strategy’s actions reduce liquid supply, intensify scarcity, and are being replicated by an increasing number of corporate treasuries globally. The introduction of additional preferred stock options and the ambitious $8.4 billion capital-raising plan signal further sustained demand for BTC. Analyst projections of substantial future corporate inflows—potentially $330 billion—further cement expectations of strong price support. Historically, such systematic, high-profile acquisitions have contributed to bullish market sentiment, with traders anticipating reduced supply and positive long-term price impacts. However, risks remain due to high entry prices and macro uncertainty, but prevailing momentum and scarcity narratives suggest continued upward pressure in both the short and longer term.