Strategy purchased 1,550 Bitcoin for approximately $101.3 million between June 1 and June 7, 2026, according to a Form 8-K regulatory filing. The acquisition occurred during a market correction that briefly pushed Bitcoin below $60,000. The purchase follows a prior disclosure that Strategy had sold 32 Bitcoin to satisfy internal corporate distributions, a transaction that triggered negative market reaction despite Executive Chairman Michael Saylor's public position against selling treasury reserves.
Strategy Funds Bitcoin Purchase Through $181 Million Equity Issuance
Strategy financed the Bitcoin acquisition by selling 1,409,600 shares of Class A common stock through its at-the-market (ATM) stock issuance program. The equity sales generated $181 million in net proceeds. Of this amount, $101.3 million was deployed to purchase the 1,550 Bitcoin allocation. The remaining $80 million was added to the company's balance sheet, bringing total U.S. dollar reserves to $1 billion. According to the filing, this cash buffer is designated to support convertible debt interest payments and preferred stock dividend obligations.
Strategy Holdings Reach 845,256 Bitcoin with $64 Billion Aggregate Cost
Strategy acquired the 1,550 Bitcoin at an average price of $65,332 per token. This purchase price sits below the company's aggregate acquisition cost basis of $75,680 per Bitcoin. Following settlement of the transaction, Strategy's total Bitcoin holdings stand at 845,256 BTC, accumulated for an aggregate acquisition cost of just under $64 billion. The company's Bitcoin reserve represents over 4 percent of the total eventual circulating supply.
FAQ
What did Strategy purchase between June 1 and June 7, 2026?
Strategy purchased 1,550 Bitcoin for approximately $101.3 million during this period, as disclosed in a Form 8-K regulatory filing.
How did Strategy fund the Bitcoin acquisition?
The company sold 1,409,600 shares of Class A common stock through its at-the-market issuance program, generating $181 million in net proceeds. Of this total, $101.3 million was used for the Bitcoin purchase and $80 million was retained as cash reserves.
What is Strategy's total Bitcoin holding after this purchase?
Strategy now holds 845,256 Bitcoin with an aggregate acquisition cost of just under $64 billion and an average cost basis of $75,680 per Bitcoin.
