Strategy, the world’s largest corporate Bitcoin holder, has added another 1,550 BTC to its treasury. The company, formerly known as MicroStrategy and led by Bitcoin advocate Michael Saylor, purchased the coins for approximately $101 million, bringing its total Bitcoin holdings to 845,256 BTC.
This latest acquisition was funded in part through the sale of 1,409,600 shares of MSTR Class A Common Stock during the week of June 1–7, 2026, which generated net proceeds of $181 million. The average purchase price of this new haul was $65,332 per coin, decently above the current BTC price of $62,900.
In tandem with the Bitcoin purchase, Strategy bolstered its cash position by increasing its USD reserves by $100 million, now totaling $1.0 billion. The equity offering provided ample liquidity for both the BTC acquisition and the cash reserve build-up.
According to the company’s latest filing, no shares of its various preferred stock series (STRF, STRC, STRK, or STRD) were sold during the period, with the common stock issuance remaining the primary funding mechanism. This dual strengthening of both its Bitcoin and fiat reserves highlights Strategy’s balanced approach to managing its balance sheet while maintaining its status as a leading Bitcoin Treasury Company.
With over 845,000 BTC now in reserve—acquired through consistent purchases funded via equity offerings and other capital raises—the company reinforces its role as a bellwether for corporate Bitcoin adoption.
As of June 7, 2026, Strategy still had approximately $25.96 billion worth of MSTR common stock available for future issuance and sale, providing significant dry powder for continued treasury accumulation.
Strategy’s 35 bitcoin sell-off
The latest purchase comes after Strategy announced the selling of 35 BTC last Monday on June 1, 2026. Its 8-K filing confirmed the sale between May 26–31, 2026, for approximately $2.5 million at an average net price of ~$77,135 per coin.
This marked the company’s first confirmed Bitcoin sale in years (since a 2022 tax-loss harvesting transaction). The small sale represented just ~0.0038% of its massive holdings and was executed to help fund preferred stock dividend payments or related obligations, rather than a shift in its core “buy and hold” treasury strategy.
The move broke from Michael Saylor’s longstanding “never sell” rhetoric and triggered notable market reactions, including a spike in crypto trading volume and immediate pressure on MSTR shares. Strategy emphasized it remains committed to increasing net Bitcoin holdings and Bitcoin per share over time.
MSTR stock continues to slump
Strategy (MSTR) shares have faced sustained pressure amid broader Bitcoin volatility and concerns over the company’s leveraged Bitcoin proxy model. As of early June 2026, MSTR traded around $120.44 (down ~6.9% in a last session), reflecting significant declines from prior highs near $450+ in late 2024/early 2025.
The stock fell sharply in 2025 (reports cite ~50% losses for the year) and has continued struggling in 2026, with periods of multi-month down streaks tied to BTC price action. Market cap has contracted notably from peaks above $160 billion.
With mixed investor sentiment, the small BTC sale amplified fears of any deviation from aggressive accumulation, while high leverage (debt, preferred equity) and correlation to Bitcoin’s recent dip have weighed on the premium valuation. Despite this, some analysts view dips as potential accumulation zones given the firm’s long-term Bitcoin focus.
Key Metrics and Financial Highlights of Strategy’s Bitcoin Treasury Strategy
Strategy continues to deliver strong performance across its proprietary Bitcoin-focused metrics. Its 845,256 BTC represents a massive Bitcoin-per-share metric of 220,016 sats, underscoring its commitment to increasing shareholder exposure to Bitcoin.
Official data shows that the company’s market capitalization stands at $42.7 billion, with an enterprise value of $63.9 billion and a premium to net asset value (mNAV) of 1.20x. Strategy maintains a robust balance sheet with $1.0 billion in USD reserves, $6.75 billion in debt, and $15.47 billion in preferred securities.
Notably, its Bitcoin holdings provide 31.2 years of coverage for its annual dividend obligations of $1.71 billion. Financial engineering remains central to the strategy: net leverage sits at a conservative 11%, while the overall capital structure delivers 42% amplification to Bitcoin’s upside.
A standout KPI is BTC Yield, which measures the percentage growth in Bitcoin-per-share. The company has achieved a 12.8% BTC Yield YTD and 9.7% QTD, reflecting successful accretive accumulation through equity raises and disciplined capital deployment.
These metrics highlight Strategy’s evolution into a pure-play Bitcoin treasury company, where traditional software operations take a backseat to growing Bitcoin holdings, BTC yield, and long-term value per share for investors.
Strategy’s Mammoth Unrealized Loss on Bitcoin Treasury
Alongside its aggressive accumulation strategy, Strategy continues to carry a substantial unrealized loss on its massive Bitcoin treasury. The company’s holdings of 845,256 BTC were acquired at a blended average purchase price of $75,680 per coin, resulting in a total cost basis of approximately $64 billion.
At the time of the latest announcement, with Bitcoin trading around $62,900–$63,000, the position reflects roughly $10.8–$11 billion in paper losses. Under fair-value accounting rules adopted in recent years, these mark-to-market declines are recognized directly in the income statement each quarter, leading to significant net losses and earnings volatility.
For instance, earlier in 2026, the company reported multi-billion-dollar unrealized losses that weighed heavily on its financial results. However, Strategy and its leadership, led by Michael Saylor, remain unfazed by short-term price action.
The firm views Bitcoin as a long-term superior asset and treats current market levels as a strategic buying opportunity rather than a cause for concern. By prioritizing growth in Bitcoin holdings and Bitcoin-per-share metrics over quarterly accounting fluctuations, Strategy continues to position itself as the preeminent corporate Bitcoin treasury vehicle.
The company has repeatedly signaled that it has no intention of selling its core holdings, focusing instead on further accumulation through ongoing equity raises and disciplined capital deployment. This high-conviction approach underscores its belief in Bitcoin’s eventual appreciation despite near-term unrealized losses.
Also read: Why BTC Price Fell 20% This Week: Inside Bitcoin’s Steepest Weekly Decline Since Late 2025
