Strategy Bolsters Bitcoin War Chest With $75M Purchase, Nears $60B in Holdings
Strategy (MSTR) has acquired an additional 705 bitcoin for roughly $75 million, reaffirming its aggressive treasury strategy centered on digital assets. The purchase, made at an average price of $106,495 per BTC, brings the company’s total holdings to 580,955 BTC.
The firm financed the acquisition through at-the-market (ATM) offerings of its preferred shares, selling 353,511 STRK shares for $36.2 million and 374,968 STRF shares for $38.4 million between May 26 and June 1.
Strategy now holds one of the largest bitcoin treasuries globally, with its stash valued at nearly $60 billion based on current prices. The company’s overall cost basis now averages $70,023 per bitcoin.
The move underscores Strategy’s sustained conviction in bitcoin as a core reserve asset amid volatile macroeconomic conditions and growing institutional adoption.
