Strategy Snaps Up 1,550 Bitcoin in $101 Million Purchase

Strategy Inc., a company that holds significant Bitcoin (BTC) reserves, made a substantial purchase of 1,550 BTC for $101.3 million at an average price of $65,332 per coin in the first week of June.

This purchase brings Strategy's total Bitcoin holdings to 845,256 coins, purchased at an all-in cost of $63.97 billion, or an average of $75,680 per coin.

The funds for this purchase were generated from ATM sales and shares sold by the company last week, including 1,409,600 MSTR shares for net proceeds of $181.0 million.

This move restores Strategy's dollar reserve to $1.0 billion, which had been drawn down to meet a preferred-stock dividend payment.