Strategy buys 1,587 BTC for $100M; holdings reach 846.8K
Strategy (Michael Saylor’s MicroStrategy) bought 1,587 Bitcoin for about $100M, per a US SEC 8-K. The average purchase price was $63,024 per Bitcoin, bringing the firm’s overall Bitcoin average cost basis to about $75,656. After this Bitcoin accumulation, holdings rose to 846,842 BTC, with total reported cost around $64.07B (about $56.1B at a cited ~$66,216 BTC price).
Funding came mainly from selling MSTR shares (about 1.73M shares raised ~$209M). Preferred-share programs (STRC/STRF/STRK/STRD) reportedly had no activity, and STRC traded below its $100 par value for a fourth straight week. The buy follows Strategy’s earlier disclosed sale of 32 BTC on June 1—the first such reported BTC sale in years—where Saylor argued treasury flexibility may be needed to support dividend-linked securities.
For traders, this reinforces the ongoing Bitcoin treasury accumulation narrative, but continued equity issuance keeps a near-term supply/dilution angle (MSTR-led) on the radar.
Bullish
Bullish for Bitcoin because Strategy’s latest SEC-confirmed purchase adds real spot demand: another large Bitcoin accumulation at $63,024 average, with total holdings rising to 846,842 BTC. Even though MSTR share sales fund the buy, the net effect is still additional Bitcoin on the balance sheet, which tends to support the long-term “accumulation” narrative and can reduce sell-pressure expectations over time.
In the short term, the market may treat MSTR equity issuance and prior BTC-sale disclosures (32 BTC sold on June 1) as reminders that BTC financing needs could occasionally translate into limited selling. That said, the new filing shows purchases dominate this week, so the immediate read-through is more consistent with further dip-buying than with distribution. Traders may watch BTC spot flows and BTC price reaction around further Strategy equity supply headlines, but the direction for Bitcoin itself remains supportive.