Strategy (Nasdaq: MSTR) has purchased 1,587 bitcoin for approximately $100 million, bringing the company’s total bitcoin holdings to 846,842 BTC, according to an 8-K filing with the Securities and Exchange Commission on Monday morning.
The purchase, executed between June 8 and June 14, was made at an average price of $63,024 per bitcoin and funded through at-the-market sales of the company’s Class A common stock. Last week, Strategy sold approximately 1.73 million MSTR shares, raising about $209 million through the ATM program. As of June 14, $25.75 billion worth of MSTR shares remain available under that program.
Strategy’s 846,842 BTC was acquired at an average cost of $75,656 per coin, for a total outlay of roughly $64.1 billion including fees and expenses.
At current prices near $66,000, the company carries approximately $8 billion in paper losses. The position represents more than 4% of bitcoin’s hard-capped supply of 21 million coins, making Strategy by far the largest corporate bitcoin holder on the planet.
In addition to the bitcoin purchase, Strategy confirmed its USD Reserve rose to $1.1 billion as of June 14, up from $1 billion the previous week. The reserve, established in December 2025, exists to cover dividend payments on the company’s preferred shares and interest on its debt.
Strategy ‘spooked’ the markets
JPMorgan analysts flagged the reserve last week, noting that Strategy’s rare sale of 32 BTC on June 1 “spooked” markets and that the company needed to rebuild the dollar cushion to restore confidence — at the time, the buffer only covered about 6.3 months of dividend obligations.
The announcement came with a familiar signal. Executive Chairman Michael Saylor posted his bitcoin acquisition tracker chart on Sunday with the caption “Still adding dots” — a phrase the market has come to recognize as a preview of a Monday purchase disclosure.
The STRC preferred stock, a variable-rate, cumulative offering with monthly dividends designed to hold near its $100 par value, had been the primary engine for bitcoin accumulation earlier in 2026, offering an annualized rate of 11.5%.
However, STRC has struggled to reclaim par since mid-May and has not been used for bitcoin purchases over the past month.
At last week’s annual shareholder meeting, investors approved shifting STRC dividend payments from monthly to twice monthly. “Paying dividends on STRC twice a month is designed to stabilize price, dampen cyclicality, drive liquidity, and grow demand for STRC, while giving STRC holders a faster reinvestment opportunity,” Strategy President and CEO Phong Le said in a statement.
Strategy also recently expanded its ATM programs to include up to an additional $21 billion of MSTR shares, alongside $21 billion of STRC preferred stock and $2.1 billion of STRK preferred stock.
Bitcoin catches a bid
Bitcoin itself climbed over the weekend, touching above $66,000 on Sunday after President Donald Trump announced a peace deal with Iran, set to be signed June 19. The agreement includes the lifting of the U.S. naval blockade and the reopening of the Strait of Hormuz, which sent oil prices down roughly 5% to around $80 per barrel.
Bitcoin’s 24-hour advance was concentrated in the hours after Trump’s Saturday announcement, with the asset trading around $65,600 to $66,300 as of Monday morning — still below the $75,656 average price at which Strategy holds its stack.
Technical notes from Bitcoin Magazine Pro show that bitcoin bounced off the 0.618 Fibonacci retracement level near $60,000, but the RSI remains weak at 37, and a sustained weekly close above $66,000 would be required to signal a credible trend change.
A break higher would face resistance at $68,900 and then the $80,000 to $82,500 zone. MSTR shares rose roughly 6% in pre-market trading Monday as the purchase was disclosed alongside the broader market rally.
