Strategy Buys 1,587 BTC for $100M: Holdings Reach 846K Coins

Strategy, the largest public Bitcoin holder in the world, bought 1,587 BTC for $100 million between June 8 and 14. The deal was disclosed in an 8-K filing with the US Securities and Exchange Commission on Monday, June 15. The company's total portfolio reached 846,842 Bitcoin, acquired at a combined cost of $64.07 billion. That amount covers roughly 4% of Bitcoin's capped supply of 21 million coins. This is the second consecutive buy in two weeks.

Deal Parameters and Current Portfolio Value

The new batch was purchased at an average price of $63,024 per coin. After the deal, Strategy's average cost basis across the entire portfolio dropped slightly to $75,656. At the current price of roughly $66,216, the full portfolio is worth about $56.1 billion, against a total spend of $64.07 billion. The unrealized loss by market value stands at approximately $8 billion. Management has never commented publicly on paper losses. The plan is built for a multi-year hold.

• purchased between June 8 and 14, 2026
• 1,587 BTC for $100 million
• average purchase price $63,024 per coin
• total portfolio after the deal: 846,842 BTC at $64.07 billion

Strategy started building its Bitcoin position in August 2020, when prices were around $11,000 per coin. The average cost has risen since then through purchases at various price levels, including peaks in 2021 and 2024. The current price remains below the portfolio's average cost, yet the company keeps buying.

Where the $100 Million Came From

The purchase was funded entirely through sales of Class A common stock (MSTR). During the reporting week, the company sold 1.73 million shares and raised $209 million, nearly twice the amount spent on Bitcoin. The difference went into the corporate reserve. Preferred share programs STRC, STRF, STRK and STRD showed no activity during the week.

The setup has stayed the same for several quarters. MSTR share sales fund new Bitcoin batches, and if Bitcoin appreciates, the rising share price lets the company raise more capital. Strategy tracks this dynamic through its own "Bitcoin Yield" metric, which measures BTC per diluted share.

STRC Trades Below Par for the Fourth Week

Preferred shares STRC traded below their $100 par value for the fourth week in a row. As of June 12, the price held in the mid-$96 range, closing at $94.80 on Friday. According to the tracker STRC.live, this is the longest uninterrupted stretch below par since the program launched.

STRC is tied to Strategy's balance sheet, which is mostly Bitcoin. When BTC trades below the portfolio's average cost, the company is underwater by market value, and that drags on the preferred shares. STRC holders get payment priority over common shareholders, but the share price depends on how healthy the balance sheet is. The slide below par shows the market is pricing in more risk than expected for the preferred securities. Until BTC holds above $75,000-$76,000, the pressure will continue.

The week before, Strategy announced a similar purchase of 1,550 BTC, funded the same way. Over two weeks, the company bought a combined 3,137 BTC for nearly $200 million.

Buying Resumes Two Weeks After the First Sale in Years

Before the 8-K came out, Executive Chairman Michael Saylor posted "Still adding dots" on X. The market has read this phrase as a signal ahead of a new SEC filing for years now. Short and predictable.

The new purchases came two weeks after the June 1 sale of 32 BTC. That move triggered debate about whether Strategy was backing away from its buy-and-hold approach. Management said the sale was tied to the digital credit unit's needs, not a change in direction. The return to regular buys confirms that answer.

BTC is currently trading in the $65,000-$67,000 range, recovering after a drop below $60,000 earlier in June. Strategy keeps adding at current levels, even though the market price sits $9,000-$10,000 below the portfolio's average cost. But the buying pace is holding steady.