Strategy bought another 1,587 Bitcoin this past week, spending roughly $100 million at an average price of $63,024 per coin. The purchase, disclosed Monday morning, brings the company’s total hoard to 846,842 BTC — more than 4% of the cryptocurrency’s 21-million-coin hard cap. To pay for it, Strategy sold about 1.73 million shares of its Class A common stock through its at-the-market (ATM) program, raising around $209 million.
Another Monday Purchase
Executive Chairman Michael Saylor posted his familiar Bitcoin acquisition tracker chart on Sunday with the caption “Still adding dots” — a reliable signal that a Monday purchase disclosure was coming. True to form, the company confirmed this week’s buy early today. The timing aligns with a broader market rally: Bitcoin climbed above $66,000 on Sunday after President Donald Trump announced a peace deal with Iran, including lifting the U.S. naval blockade and reopening the Strait of Hormuz. MSTR shares rose about 6% in pre-market trading on Monday.
The Bitcoin Hoard by the Numbers
Strategy’s total Bitcoin holdings were acquired at an average cost of $75,656 per coin, including fees. That means the company’s cumulative outlay stands at roughly $64.1 billion. With Bitcoin currently near $66,000, the position is sitting on approximately $8 billion in paper losses. Still, Strategy shows no signs of slowing down. The company expanded its ATM programs to include up to an additional $21 billion of MSTR shares, $21 billion of STRC preferred stock, and $2.1 billion of STRK preferred stock. As of June 14, $25.75 billion worth of MSTR shares remained available under the ATM program.
Rebuilding the Dollar Buffer
Strategy’s USD Reserve — the dollar pool it uses to cover dividend payments on preferred shares and interest on debt — rose to $1.1 billion as of June 14, up from $1 billion the previous week. That matters because JPMorgan analysts flagged the reserve level after Strategy sold a rare 32 BTC on June 1, a move that “spooked” markets. At that time, the reserve covered about 6.3 months of dividend obligations. This week’s increase suggests the company is being cautious about liquidity. Notably, the STRC preferred stock, which offered an 11.5% annualized rate and was the primary engine for Bitcoin accumulation earlier in 2026, hasn’t been used for purchases over the past month. Shareholders recently approved shifting STRC dividend payments from monthly to twice monthly — a change that may affect the appeal of that instrument going forward.
Strategy’s ability to keep buying Bitcoin at this pace depends on the ATM program and market appetite for its shares. With a $25.75 billion runway still available under the MSTR portion alone, the company could continue its accumulation for months. But the paper losses are mounting, and the USD Reserve — while rebuilt — still needs to cover obligations. The next question is whether the STRC preferred stock will reemerge as a funding source or if the ATM carries the load alone.
