Strategy Expands Bitcoin Holdings with $35 Million Purchase
BITmarkets Team
Jun 23, 2026
According to a filing submitted to the US Securities and Exchange Commission on Monday, Strategy purchased 520 Bitcoin (BTC) between June 15 and June 21 for approximately $34.9 million. The acquisition was completed at an average purchase price of $67,068 per Bitcoin, bringing the company’s total holdings to 847,363 BTC.
Strategy has now invested a cumulative $64.1 billion into Bitcoin, with an average acquisition price of $75,651 per coin. At the same time, the company announced that it increased its US dollar reserve by $300 million, lifting the total reserve to approximately $1.4 billion. The figure includes expected proceeds from at-the-market (ATM) share sales that had not yet settled at the time of the filing.
Share sales continue to fund growth strategy
The latest Bitcoin acquisition and reserve expansion were financed through Strategy’s ongoing ATM equity program. During the reporting period, the company generated approximately $335.5 million through sales of its Class A common stock (MSTR). Of that amount, $34.9 million was allocated toward purchasing additional Bitcoin, while the remaining $300 million was directed to the company’s cash reserve.
The reserve serves as a liquidity buffer intended to support dividend payments and debt-related obligations. “Strategy plans to continue replenishing the USD Reserve over time based on market conditions to support the credit quality of its Digital Credit securities,” the company said in its SEC filing.
Because Strategy remains the largest corporate holder of Bitcoin, its capital allocation decisions are closely monitored by both traditional and crypto investors. The company’s financing model has also become a blueprint for a growing number of Bitcoin treasury firms.
STRC price drop draws market attention
Recent volatility in Strategy’s securities has become a key focus for investors, particularly after STRC, the company’s perpetual preferred stock, fell below its intended $100 reference level. At Thursday’s market close, MSTR shares declined 3.46% to $112.53, while STRC slipped 0.46% to $88.59. The preferred stock later recovered slightly, trading at $90.59 during Monday’s premarket session.
Bitcoin advocate Samson Mow commented on the decline, highlighting what he described as a built-in stabilizing mechanism within the STRC structure. According to Mow, when STRC trades below $100, Strategy effectively halts new share issuance through its ATM program, reducing additional supply entering the market.
He explained that lower share prices also increase the effective yield for new buyers, potentially attracting demand and helping the stock move back toward its intended level. Mow described the process as a market-driven correction mechanism rather than direct intervention by Strategy, noting that the structure relies on investor incentives to restore equilibrium.
Sources:
https://cointelegraph.com/news/strategy-300-million-usd-reserve-acquires-520-btc
https://www.tradingview.com/symbols/NASDAQ-MSTR/
https://x.com/Excellion/status/2068968925618995587
