MicroStrategy Purchases $101 Million in Bitcoin, Bringing Total Holdings to 845,256 BTC

MicroStrategy purchased an additional 1,550 BTC for $101 million, increasing its total holdings to 845,256 BTC. The acquisition was funded by selling $181 million in company stock, a move critic Peter Schiff called 'damage control.' Schiff argues the strategy dilutes shareholder value and shows the company is unable to sell its Bitcoin, even while sitting on a $12 billion paper loss.

Strategy Bitcoin acquisition

• ▪Following the acquisition, MicroStrategy's total holdings increased to 845,256 BTC
• ▪At the time of the purchase, MicroStrategy had an unrealized paper loss of about $12 billion on its Bitcoin holdings
• ▪MicroStrategy purchased 1,550 BTC for approximately $101 million between June 1 and June 7, 2026
• ▪The purchase was made at an average price of $65,332 per BTC

Share dilution funding mechanism

• ▪Peter Schiff argues that funding Bitcoin purchases by selling stock dilutes the amount of Bitcoin backing each share
• ▪From the capital raised, MicroStrategy added $100 million to its U.S. dollar reserves, bringing its total cash to about $1.0 billion
• ▪Schiff refers to this strategy as creating a 'negative Bitcoin yield' for shareholders

Peter Schiff criticism

• ▪Peter Schiff, a longtime Bitcoin critic, described MicroStrategy's latest purchase as 'damage control.'
• ▪Schiff asserted the move demonstrates that MicroStrategy is unable or unwilling to sell its Bitcoin to fund operations
• ▪Schiff previously highlighted that MicroStrategy sold 32 BTC, worth about $2.5 million, to help pay dividends for its STRC stock

Bitcoin price predictions

• ▪Schiff stated there is 'way too much complacency in Bitcoin for the market to be anywhere near a bottom.'
• ▪Peter Schiff has predicted Bitcoin's price could fall below $20,000 if it first breaks below the $50,000 support level

MSTR stock sales

• ▪MicroStrategy did not sell any of its preferred shares, such as STRF, STRC, STRK, or STRD, during this period
• ▪The stock sale occurred between June 1 and June 7, 2026, and raised around $181 million
• ▪The Bitcoin purchase was funded by selling approximately 1,409,600 of MicroStrategy's MSTR Class A shares