Strategy adds $300M to USD Reserve, acquires 520 BTC
Cointelegraph 2026-06-22 13:27:40
Context: Michael Saylor's company, Strategy, has expanded its Bitcoin holdings and increased its US dollar reserve. The company acquired 520 Bitcoin between June 15 and June 20, and added $300 million to its USD Reserve, bringing the total to $1.4 billion. This move is significant as Strategy is the largest corporate holder of Bitcoin and one of the market's most active buyers.
Key Facts
- Strategy acquired 520 Bitcoin (BTC) for $34.9 million between June 15 and June 20, at an average price of $67,068 per BTC, bringing its total Bitcoin holdings to 847,363 BTC.
- The company's cumulative Bitcoin purchases now total $64.1 billion, giving it an average acquisition cost of $75,651 per Bitcoin.
- Strategy funded its latest Bitcoin purchase and liquidity reserve using proceeds from sales of its Class A common stock (MSTR), raising $335.5 million through its at-the-market (ATM) equity program.
- The company added $300 million to its US dollar reserve, bringing the total to $1.4 billion, which includes expected cash proceeds from its ATM share sales that had not yet settled.
- Strategy's perpetual preferred stock STRC slipped below $90 last week, prompting market attention, with Bitcoin advocate Samson Mow noting that STRC has a "self-repairing mechanism" that activates when the security trades below its $100 reference level.