Key Highlights
- Strategy acquired 1,587 BTC for approximately $100M at $63,024 per bitcoin, during June 8–14
- Company’s total Bitcoin reserves now reach 846,842 BTC, valued at approximately $56 billion
- The firm generated $209M through the sale of ~1.73M MSTR shares via its at-the-market offering
- USD Reserve boosted by $100M to reach $1.1 billion for dividend and debt payments
- Cantor Fitzgerald maintains Overweight rating on MSTR after the acquisition
Strategy (MSTR) has resumed its bitcoin accumulation strategy. During the period spanning June 8 through June 14, the firm purchased 1,587 BTC for roughly $100 million, at an average acquisition price of $63,024 per bitcoin.
MSTR shares jumped approximately 5% in pre-market trading after the disclosure, while bitcoin was changing hands above $66,000.
This acquisition pushes Strategy’s aggregate bitcoin position to 846,842 BTC. Based on present market values, this reserve is valued at approximately $56 billion, although the firm’s average purchase price stands at $75,656 per coin — representing a cumulative investment of roughly $64 billion.
The figures indicate Strategy currently holds an unrealized loss when measured against its aggregate cost basis. Nevertheless, the company maintains its position as the world’s largest corporate bitcoin holder, possessing approximately 4% of the cryptocurrency’s maximum supply.
The purchase was financed through equity issuance. Strategy generated $209 million within the same timeframe by offloading approximately 1.73 million MSTR shares through its at-the-market distribution program, subsequently allocating $100 million toward bitcoin acquisition.
Strategy Strengthens Its Cash Reserves
The company simultaneously revealed it expanded its USD Reserve by $100 million, elevating it to $1.1 billion. This reserve was established in December 2025 exclusively to handle preferred stock dividends and debt service requirements.
Expanding the reserve while simultaneously adding to BTC positions demonstrates that Strategy is addressing both objectives through share sales — without liquidating bitcoin or depleting operational cash.
This development carries significance because just weeks prior, on June 1, Strategy liquidated 32 bitcoin to finance preferred dividends. That modest sale unnerved market participants and sparked speculation about whether the company was retreating from its accumulation approach.
Cantor Fitzgerald Maintains Bullish Stance
Cantor Fitzgerald acted swiftly to calm market sentiment. The investment bank reaffirmed its Overweight assessment on MSTR following this recent acquisition, suggesting the purchase should dispel concerns that the June 1 disposal signaled a strategic pivot.
Cantor emphasized the transaction demonstrates the increasing complexity of balancing treasury accumulation with liquidity requirements and capital commitments.
Canaccord, meanwhile, reduced its price objective on MSTR to $163 from $224 after the June 1 transaction, while maintaining a Buy recommendation. The firm characterized that previous sale as minor and largely symbolic, yet the market response was decidedly negative.
MSTR shares currently trade at $123.97 with a market capitalization of $43.6 billion. The equity exhibits a beta of 3.47 and has declined 67.6% over the trailing twelve months.
Strategy’s shareholders recently authorized a modification to the dividend distribution schedule for its Variable Rate Series A Perpetual Stretch Preferred Stock, transitioning from monthly to semi-monthly disbursements. This measure was approved at the 2026 Annual Meeting of Stockholders.
Options volume surrounding MSTR has been substantial, with 952,761 contracts changing hands recently — with a significant concentration in put options.
InvestingPro analytics reveal Strategy maintains a current ratio of 6.05, indicating liquid assets substantially exceed near-term liabilities.
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