Strategy Buys 1,587 Bitcoin for $100 Million, Expanding Holdings to 846,842 BTC

MicroStrategy bought another 1,587 Bitcoin for $100 million, increasing its total holdings to 846,842 BTC. The purchase was funded by a $209 million stock sale, with the surplus boosting its USD cash reserve to $1.1 billion. Despite the new coins being bought below its average cost, the company's massive Bitcoin treasury remains at an unrealized loss of about $8 billion.

Bitcoin acquisition details

• ▪MicroStrategy purchased 1,587 Bitcoin for approximately $100 million between June 8 and June 14, 2026
• ▪Following the purchase, MicroStrategy's total holdings increased to 846,842 BTC
• ▪Executive Chairman Michael Saylor signaled the purchase on social media platform X with the post "Still adding dots."
• ▪The average purchase price for the 1,587 Bitcoin was $63,024 per coin, which is below the company's overall average cost

Stock financing mechanisms

• ▪The acquisition was funded by selling 1,732,553 shares of MSTR common stock for approximately $209 million via an at-the-market program
• ▪As of June 14, 2026, MicroStrategy has $25.75 billion worth of MSTR shares remaining for sale under its program
• ▪The company did not use any of its preferred stock lines, such as STRC, to fund the purchase, relying solely on common stock

STRC preferred stock challenges

• ▪Shareholders recently approved changing STRC dividend payments from monthly to twice-monthly to help stabilize the stock's price
• ▪The company's STRC preferred stock has traded below its $100 par value for over a month
• ▪In late May 2026, MicroStrategy sold 32 BTC for $2.5 million to fund a dividend on its STRC preferred stock, its first sale since 2022

USD reserve management

• ▪JPMorgan analysts recently suggested that rebuilding dollar reserves was needed to restore investor confidence
• ▪The cash reserve was established in December 2025 to cover payments for preferred stock dividends and debt interest
• ▪MicroStrategy increased its USD cash reserve to $1.1 billion, using about $100 million from the recent stock sale proceeds

Corporate bitcoin treasury landscape

• ▪MicroStrategy is the largest corporate holder of Bitcoin, with its 846,842 BTC representing over 4% of the total 21 million supply
• ▪The company's holdings are nearly 20 times larger than the approximately 43,500 BTC held by the next-biggest corporate treasury

Stock performance metrics

• ▪MicroStrategy's total Bitcoin holdings have a blended average cost of $75,656 per coin, for a total acquisition cost of $64.07 billion
• ▪The recent purchase, funded by issuing new stock, reduced MicroStrategy's Bitcoin holdings per share for the second consecutive week
• ▪With Bitcoin's market price below the company's average cost, its holdings carry an unrealized loss of approximately $8 billion