Saylor's Strategy Drops Another $100M on Bitcoin, Average Cost Basis Now 14% Below Reality 🧮

Strategy, the Michael Saylor-led business intelligence firm formerly known as MicroStrategy, acquired 1,587 Bitcoin (BTC) for $100 million between June 8 and Sunday, according to a Monday 8-K filing with the US Securities and Exchange Commission. The latest purchase was executed at an average price of $63,024 per Bitcoin, bringing the company's overall average cost basis to $75,656.

With the addition, Strategy now holds 846,842 BTC, accumulated at a total cost of $64.07 billion. At a price of roughly $66,216 per Bitcoin, those holdings are valued at about $56.1 billion, according to CoinGecko data. The company remains the largest publicly listed holder of Bitcoin.

Strategy funded the acquisition through sales of its Class A common stock, raising approximately $209 million by selling 1.73 million MSTR shares during the period. Preferred share programs STRC, STRF, STRK and STRD recorded no activity during the week. According to STRC.live, STRC traded below its $100 par value for a fourth consecutive week as of June 12, closing at $94.80 on Friday, down around 1%, per TradingView data.

Executive chairman Saylor previewed the purchase in a post on X on Sunday, writing, "Still adding dots," a phrase investors have come to associate with upcoming Bitcoin acquisitions. The buy follows Strategy's June 1 disclosure of a 32 BTC sale, its first reported Bitcoin sale in years, which Saylor later defended by telling Cointelegraph that Bitcoin treasury companies must retain the ability to sell holdings to support dividend-paying securities.