Saylor Adds 520 BTC, But $300M USD Cushion Steals The Spotlight 📊

Michael Saylor's Strategy purchased 520 BTC for approximately $35 million at an average price of $67,068 per coin, according to a Monday, June 22 disclosure. The acquisition brings the firm's Bitcoin reserve to 847,363 BTC. Saylor confirmed the buy on X with the post: "We also acquired 520 BTC for $35 million, increasing our $BTC Reserve to ₿847,363. $MSTR $STRC …"

While the Bitcoin buy drew attention, an accompanying 8K filing showed Strategy raised its USD reserve by $300 million, bringing total cash holdings to $1.4 billion. The company stated the increase supports "plans to continue replenishing it to support the credit quality of its Digital Credit securities." The move follows a period in which Strategy's STRC shares fell below $83 last week, below their $100 par value.

Industry watchers noted the firm could use the proceeds to lift STRC's dividend rate, apply buyback pressure to restore par, or repurchase MSTR shares. The latest Bitcoin purchase is smaller than Strategy's $100 million BTC acquisition reported the prior week.

The disclosure also detailed continued MSTR share sales, a practice that has drawn public criticism. Specific figures from the filing were truncated in the source report. Strategy has not commented beyond the filing and Saylor's social media post.

The Bitcoin acquisition was executed at an average cost of $67,068 per BTC, with the full 520 BTC settled in a single transaction.