Strategy, led by Michael Saylor, recently bought 520 Bitcoin for $34.9 million and added $300 million to its US dollar reserve. The company now holds 847,363 BTC, making it the largest corporate Bitcoin holder.
This purchase happened while Strategy’s perpetual preferred stock STRC traded below $90, drawing attention from investors interested in the company’s financing methods.
A filing with the US Securities and Exchange Commission shows that Strategy bought 520 BTC between June 15 and June 22 at an average price of $67,068 per coin. The company’s total Bitcoin investment now stands at $64.1 billion, with an average cost of $75,651 per BTC.
In addition to buying Bitcoin, Strategy raised its US dollar reserve to about $1.4 billion. This amount includes expected proceeds from ongoing at-the-market share sales that were still pending at the time of reporting. The company said the reserve will help support dividend payments and debt linked to its expanding financial products.
Strategy funded these recent transactions by selling Class A common stock through its ATM program, raising about $335.5 million during the reporting period. Only a small part of this money was used to buy Bitcoin, while most was used to boost liquidity.
Strategy said it will keep rebuilding and maintaining its USD reserve depending on market conditions. The company believes this reserve is important for supporting the credit quality of its digital credit securities.
Investors have been watching STRC, Strategy’s perpetual preferred stock, which recently fell below its $100 reference level. Bitcoin advocate Samson Mow said the product has a built-in market mechanism that can help stabilize its price. Mow explained that Strategy stops issuing new shares when the stock trades well below its target, which reduces supply and may boost demand.
As more public companies use Bitcoin in their treasury strategies, Strategy’s financing model remains a benchmark for many corporate crypto investors.
Strategy has increased its USD Reserve by $300 million to $1.4 billion and plans to continue replenishing it to support the credit quality of its Digital Credit securities. We also acquired 520 BTC for $35 million, increasing our $BTC Reserve to ₿847,363. $MSTR $STRC.…
— Strategy (@Strategy) June 22, 2026
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