MicroStrategy returns to large-scale Bitcoin accumulation, buying 1,587 BTC (~$105M)
MicroStrategy (MSTR), the enterprise-software firm long associated with Bitcoin buying under Michael Saylor, has resumed sizeable BTC purchases. The company disclosed it bought 1,587 bitcoin between June 8 and June 14 at an average price of $63,024 per coin, a transaction it says was funded through at‑the‑market (ATM) sales of its Class A common stock.
Quick facts
- Latest buy: 1,587 BTC for about $105 million (acquired June 8–14; average price $63,024/BTC).
- Funding: ~1.73 million MSTR shares sold via the ATM program last week, raising roughly $209 million.
- Total bitcoin holdings: 846,842 BTC.
- Weighted average acquisition cost for the entire position: $75,656 per BTC (total program cost ≈ $64.1 billion, including fees and expenses).
- Current mark: At roughly $66,000/BTC, MicroStrategy is carrying about $8 billion in unrealized (paper) losses.
- Scale: The firm’s stake represents more than 4% of Bitcoin’s 21 million hard cap—making MicroStrategy the largest corporate holder of BTC.
- Cash reserve: The company’s USD Reserve rose to $1.1 billion as of June 14 (up from $1.0 billion the prior week). That reserve, established in December 2025, is intended to cover dividend payments on preferred shares and interest on debt.
- Market reaction: MSTR shares climbed ~7.5% Monday to $133.28; BTC moved between a low near $59,000 last week and the current ~$66,000 level. Year-to-date, bitcoin is down roughly 23.8%.
Why this matters
MicroStrategy’s continued buying — funded by selling common stock through an ATM program rather than balance-sheet cash — shows the company is doubling down on its long-standing strategy of using equity issuance to accumulate bitcoin exposure. The latest purchase also arrives amid signs of a broad crypto rally: markets are reacting to reports of a U.S.-Iran deal that could ease geopolitical risk (Iran has yet to confirm the agreement), and major tokens such as Ethereum and Solana are trading higher alongside BTC.
Bottom line
MicroStrategy remains the dominant corporate buyer of bitcoin and is actively adding to its position, even after substantial paper losses on its accumulated holdings. The firm’s funding choice and the timing of purchases will continue to draw close attention from investors tracking corporate cryptocurrency exposure and broader market sentiment.
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