Strategy added 520 bitcoin to its corporate treasury this week, spending roughly $35 million at an average price of $67,068 per coin. The purchase marks the third consecutive weekly buy for Michael Saylor's company, which now holds 847,363 BTC — by far the largest publicly disclosed corporate bitcoin stack on the planet.
Third straight weekly purchase
This week's acquisition follows two larger buys: 1,550 BTC for $101 million in the week ending June 7, and 1,587 BTC for $100 million in the week ending June 14. To fund the buying spree, Strategy increased its USD Reserve by $335 million to a total of $1.4 billion. The company raised that cash by selling roughly 2.7 million shares of MSTR, bringing in $335.5 million. The USD Reserve was first set up in December 2025 to cover dividend payments on preferred equity and interest on debt.
Unrealized losses and debt moves
At current prices near $64,200 per coin, Strategy's bitcoin hoard is worth about $54 billion — but the aggregate cost basis sits above $64 billion. That's an unrealized loss of roughly $9.8 billion. The timing isn't great, but the firm has been working on its balance sheet. In May, Strategy repurchased $1.5 billion in convertible notes at an 8% discount, trimming convertible debt from $8.2 billion to $6.7 billion. The buyback was funded through cash reserves, a $2 billion STRC issuance, and $84 million in common stock sales. Year-to-date BTC Yield, a key metric the company uses to measure bitcoin per share growth, stands at 11.8% as of the latest filing — down from 13.3% in late May.
First BTC sale since 2022
In an unusual move, Strategy executed its first disclosed bitcoin sale since 2022. The company sold 32 coins for $2.5 million to fund a preferred dividend. That's a tiny fraction of its holdings, but it broke a four-year streak of only buying.
Competition from Strive
Fellow bitcoin treasury firm Strive outpaced Strategy this week, acquiring 759 BTC — about 239 more coins than Saylor's team bought. Strive has been steadily building its own stash, though it remains far behind Strategy's total. Saylor, as usual, teased the purchase on X with posts reading 'Bitcoiners agree on the 99% that matters...' and 'Looks better with more dots' before the buy was officially disclosed. Strategy hasn't said whether it plans to keep up its weekly pace, but the pattern is clear: the company isn't stopping anytime soon.
