Strategy Buys $1B in Bitcoin, Boosts Holdings to 592,100 BTC as MSTR Stock Rebounds

Cal Evans
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Key Takeaways:

  • Strategy acquires 10,100 BTC for $1.05 billion, marking its tenth consecutive weekly Bitcoin purchase and raising total holdings to 592,100 BTC.
  • MSTR stock rebounds nearly 2% in pre-market trading, with year-over-year gains over 150%, fueled by continued BTC accumulation and recent capital raise.

Strategy, the firm formerly known as MicroStrategy, has once again reinforced its aggressive Bitcoin playbook, acquiring an additional 10,100 BTC for $1.05 billion between June 9 and June 15. This marks the company’s tenth consecutive weekly purchase, extending a streak that echoes its commitment to becoming a dominant corporate holder of Bitcoin.

The latest acquisition, announced via a press release, was executed at an average price of $104,080 per Bitcoin. The company, led by co-founder Michael Saylor, now holds a staggering 592,100 BTC, purchased at a total cost of $41.84 billion, translating to an average price of $70,666 per BTC. As of now, Strategy boasts a year-to-date Bitcoin yield of 19.1%, underscoring the effectiveness of its dollar-cost averaging strategy during recent dips and recoveries.

Stock Price Reacts Positively

In the wake of the announcement, Strategy’s stock (MSTR) saw a modest 2% rebound in pre-market trading, according to TradingView data, as it eyes a return to the $400 psychological level. The stock, which had shown signs of consolidation in recent weeks, is now up over 30% in the past three months and more than 154% year-over-year, based on data from MarketWatch.

MSTR Daily Chart

Last week, Strategy had already raised eyebrows after acquiring 1,045 BTC for $110 million. The move came alongside the successful Nasdaq debut of its STRD stock offering, which raised close to $1 billion—funds that Saylor openly stated would be used for further Bitcoin accumulation.

Michael Saylor: “100% Bitcoin”

Strategy’s founder and executive chairman, Michael Saylor, reiterated the company’s commitment to Bitcoin in a recent X (formerly Twitter) post, boldly declaring that the firm’s business model is now “100% BTC.” His Bitcoin-first strategy has consistently attracted both praise and criticism in equal measure.

On the other end of the spectrum, Peter Schiff, a longtime Bitcoin skeptic and gold proponent, warned Strategy shareholders once again. “Their biggest regret will be not selling,” Schiff said, claiming an impending BTC price collapse would drag MSTR down with it.

Despite repeated warnings, Saylor’s Bitcoin-centric model continues to defy critics. The ongoing buying streak—now stretching ten weeks—has Strategy on track to potentially match or surpass its longest accumulation streak of twelve weeks, which occurred from November 2024 to early February 2025.

Also Read: MemeStrategy Becomes First Public Firm to Hold Solana (SOL)

What’s Next for Strategy?

With nearly $42 billion invested in Bitcoin and a growing war chest from its recent equity raise, Strategy appears undeterred by market volatility or bearish forecasts. As Bitcoin hovers in a consolidation phase, the firm’s sustained accumulation strategy may signal long-term confidence in BTC’s role as a corporate treasury asset.

Whether Schiff’s dire predictions come to pass or Saylor’s bullish vision prevails, one thing is clear—Strategy is betting big, and it’s not slowing down.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

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