Strategy Adds to Bitcoin Holdings With $110M Purchase
Strategy, the technology firm led by Executive Chairman Michael Saylor, disclosed Monday that it has acquired an additional 1,045 bitcoins, spending approximately $110.2 million. The purchase was detailed in a filing with the U.S. Securities and Exchange Commission dated June 9. The company said it paid an average price of $105,426 per bitcoin for the new holdings. The move comes as the cryptocurrency trades near its all-time high, signalling continued institutional interest in digital assets despite ongoing regulatory scrutiny and market volatility. Ongoing Accumulation Strategy The latest transaction marks the ninth consecutive week Strategy has increased its Bitcoin holdings, underlining what has become a long-term accumulation approach. With the most recent acquisition, the company’s total holdings now stand at approximately 582,000 bitcoins. Strategy has spent an estimated $40.79 billion on its Bitcoin purchases to date, with an average acquisition cost of around $70,086 per coin. The continued accumulation reflects a consistent approach the company has followed across multiple market cycles. Saylor, who transitioned from CEO to executive chairman in 2022 to focus on Bitcoin initiatives, has remained a vocal proponent of the cryptocurrency. The company’s position in the digital asset market has drawn both interest and criticism as it integrates Bitcoin into its corporate treasury model. Largest Corporate Holder Strategy is widely recognized as the largest publicly known corporate holder of Bitcoin. Its holdings represent a significant portion of the total Bitcoin supply, further establishing its influence within the cryptocurrency ecosystem. While the value of its holdings fluctuates with the market, the company’s average purchase price suggests that the current valuation of Bitcoin places its treasury assets significantly above cost. Analysts continue to monitor how Strategy’s exposure to Bitcoin might impact its financial stability and shareholder value, especially during periods of high price volatility. The company has not indicated any plans to scale back its accumulation efforts. With Bitcoin trading close to historic highs, Strategy’s continued investment may signal broader institutional confidence in the asset class, even amid concerns about regulatory developments in the U.S. and abroad.
