Strategy adds $300M to USD Reserve, acquires 520 BTC
Michael Saylor’s Strategy boosted its USD Reserve to $1.4 billion and added 520 Bitcoin, funded through $335.5 million in MSTR share sales. Michael Saylor’s Strategy has expanded its Bitcoin holdings and increased its US dollar reserve after its perpetual preferred stock STRC slipped below $90. Strategy acquired 520 Bitcoin (BTC) for $34.9 million between June 15 and Sunday, according to a Monday 8-K filing with the US Securities and Exchange Commission. The purchase was made at an average price of $67,068 per BTC, bringing Strategy’s total Bitcoin holdings to 847,363 BTC. Strategy's cumulative purchases now total $64.1 billion, giving the company an average acquisition cost of $75,651 per Bitcoin.
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