Strategy (ex-MicroStrategy) Buys $1B More Bitcoin, Now Holds 2.8% of Supply; Saylor Confident Despite Risk

Strategy, formerly known as MicroStrategy, has made another major Bitcoin purchase, investing $1.05 billion to acquire 10,100 BTC between June 9 and 15 at an average price of $104,080 per coin, according to a recent SEC filing. This brings the company’s total Bitcoin holdings to approximately 592,100 BTC, representing about 2.8% of the total supply and valued at over $63 billion. The average acquisition cost is $70,666 per Bitcoin, resulting in an unrealized profit close to $21 billion. This aggressive accumulation was funded through the issuance of three types of perpetual preferred shares—STRK, STRF, and STRD—with STRD featuring a 10% fixed annual yield and raising $1 billion in its latest issuance. These moves are part of Strategy’s "42/42" plan, which aims to raise up to $84 billion by 2027 for continuous Bitcoin investment. Notably, other companies such as Tether’s Twenty One Capital, Trump Media & Technology Group, GameStop, and Japan’s Metaplanet have also increased Bitcoin exposure recently, raising concerns among some analysts about market concentration and systemic risk. Nevertheless, Strategy Chairman Michael Saylor maintains a strong outlook, stating the capital structure is robust enough to survive even if Bitcoin prices drop 90% and remain flat. Bernstein analysts also noted Strategy’s low debt and lack of major repayment pressure before 2028, supporting the company’s financial health. The news comes amid continued geopolitical tensions and before the Fed’s policy decision, contributing to short-term market volatility. Long-term, large institutional buying is seen as bullish for Bitcoin, but immediate macro risks may sustain volatility.