- Strategy added 705 BTC to its treasury between 26 May and 1 June, spending US$75.1 million.
- With close to 590,000 BTC, Strategy now holds more than 2.8% of all Bitcoin in circulation.
- Funding for the buy came from sales of preferred stock, STRK and STRF.
Strategy, formerly known as MicroStrategy, has acquired another 705 Bitcoin for US$75.1 million (AU$116.1 million) between 26 May and 1 June 2025 at an average price of US$106,495 (AU$164,641) per coin. The latest purchase brings the company’s total Bitcoin treasury to 580,955 BTC, worth more than US$60 billion (AU$92.76 billion).
The capital for the acquisition was sourced from the ongoing sale of preferred stocks STRK and STRF, which yielded over US$74 million (AU$114.4 million) last week. The sales are part of Strategy’s long-term plan to raise up to US$84 billion (AU$129.86 billion) to keep buying more Bitcoin through 2027.
Related: Saylor’s Strategy: How AI Helped Supercharge a $52B Bitcoin Bet
Strategy’s executive chairman, Michael Saylor, hinted at the acquisition ahead of time, with a cryptic X post saying “Orange is my Preferred Color” – a play on both Bitcoin’s signature hue and the preferred stock funding used to make the purchase.
Market Reacts Quickly to Strategy’s Acquisition
The company’s strategy appears to be paying off. Its Bitcoin investment has gained 16.9% so far this year, with a goal to push that yield up to 25% by the end of the year – up from the earlier target of 15%.
The market reaction has been swift. After the buy was revealed, Bitcoin’s price rose about 3.2% to US$104,000 (AU$160,780) on major exchanges such as Binance and Coinbase on 2 June. Strategy’s stock, MSTR, climbed 4.7% to US$1,750 (AU$2,711) and remains up 23% year-to-date.
Strategy’s continued buying shows it is not slowing down and will continue to acquire Bitcoin as a valuable long-term asset. With over 2.8% of all available Bitcoin now in its hands, Strategy remains one of the biggest players in the crypto space.
Related: MicroStrategy Splashes US$427 Million on 4,020 Bitcoin as Shares Slump Amid Legal and Insider-Sale Pressures
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