Strategy, the corporate bitcoin holder formerly known as MicroStrategy, bought another 1,587 bitcoin this week for $100 million. The purchase was funded through the company's ongoing at-the-market stock sale program, which generated $209 million in proceeds between June 8 and 14. That brings its total bitcoin reserve to 846,842 BTC — still the largest corporate stash on record.
Stock sales fund reserve and BTC buys
Strategy sold roughly 1.73 million shares of MSTR during that window. Half the cash went to bitcoin; the other half padded its dollar reserve, which now sits at $1.1 billion and is earmarked for preferred stock dividends and debt payments. The company still has $25.7 billion available under the MSTR ATM and $25.2 billion across preferred offerings — tickers STRF, STRC, STRK and STRD. Whether it keeps tapping those at the current pace will depend on market conditions and its dividend obligations.
Strive follows with a small stack
Strive, the asset manager founded by Vivek Ramaswamy, acquired 73 bitcoin for about $4.7 million, at an average price of $63,646 per coin. The purchase is modest compared to Strategy's haul but signals continued institutional appetite for direct bitcoin exposure.
Risk assets rally on Iran peace deal
A U.S.–Iran interim peace deal announced this week sent the S&P 500 surging and the Nasdaq up more than 2%. Risk assets caught a bid as the geopolitical premium unwound from oil. Bitcoin is currently testing support at $63,700, with a stronger floor at $62,600. To turn bullish, it needs to clear $68,000 with volume — a move that could target the $71,500–$73,000 range. On the downside, a break below $60,000 opens the door to $56,000–$52,000, with $45,000 as an extended scenario.
Bitcoin Hyper launches SVM-based Layer 2
Bitcoin Hyper is positioning as the first Bitcoin Layer 2 to integrate the Solana Virtual Machine. The project promises sub-second finality, low-cost smart contracts, and a decentralized canonical bridge. Its presale raised $32 million at a token price of $0.0136, and staking is now live. How much traction it gets among builders remains to be seen, but the combination of Bitcoin security and Solana-compatible execution is a novel pitch.
