Saylor Drops $100M on Bitcoin, Raises $209M to Pay for It 🧮

Strategy, the business intelligence firm turned Bitcoin treasury company led by executive chairman Michael Saylor, acquired 1,587 Bitcoin (BTC) for $100 million between June 8 and June 14, according to a Monday 8-K filing with the US Securities and Exchange Commission. The average purchase price was $63,024 per coin. Bitcoin traded near $66,230 on June 15, up roughly 3% over the prior day, per CoinGecko and BeInCrypto data.

To fund the purchase, Strategy sold 1,732,553 shares of Class A common stock (MSTR) through its at-the-market program, raising approximately $209 million. Preferred share programs STRC, STRF, STRK and STRD showed no activity during the period, according to the filing and tracker STRC.live. The surplus, alongside an additional allocation, lifted the company's USD reserve to $1.1 billion, a buffer created in December 2025 to cover preferred dividends and interest on debt. Strategy carries preferred shares with coupons as high as 11.5%, and STRC payouts recently shifted from monthly to semi-monthly. STRC closed at $94.80 on Friday, down about 1%, marking a fourth consecutive week below its $100 par value, per TradingView.

With the latest buy, Strategy now holds 846,842 BTC acquired at a total cost of $64.07 billion, a blended average of $75,656 per coin. At current prices, those holdings are worth roughly $56.1 billion. The new purchase pulled the average cost basis slightly lower from approximately $75,700. A first-quarter unrealized loss of $14.5 billion had already been disclosed, and analyst Quinn Thompson noted that MSTR trades near 0.8 times the net value of its Bitcoin.

The acquisition follows Strategy's first reported Bitcoin sale in years: 32 BTC offloaded on June 1 to support dividend obligations. Saylor defended that approach, telling Cointelegraph that Bitcoin treasury companies must retain the ability to sell holdings to support dividend-paying securities. He previewed the latest buy in a Sunday post on X writing, "Still adding dots," a phrase associated with the company's Orange Dots purchase tracker. MSTR shares rose about 7% on Monday following the announcement.