Strategy Acquires 705 Bitcoin for $75.1 Million

TLDR

• Strategy holds 580,955 BTC, nearly 3% of total supply.
• Acquisition funded by selling preferred shares worth $74.6 million.
• Company maintains focus solely on Bitcoin, no altcoin investments.

Strategy, formerly known as MicroStrategy, has announced a new acquisition of 705 Bitcoin valued at approximately $75.1 million. This purchase was made at an average price of $106,495 per Bitcoin between May 26 and June 1, 2025, under the leadership of Executive Chairman Michael Saylor. The latest acquisition brings Strategy’s total Bitcoin holdings to 580,955 BTC, maintaining its position as the largest corporate holder of Bitcoin. This amount represents nearly 3% of the total Bitcoin supply.

This strategic Bitcoin accumulation was confirmed on June 2, 2025, via Strategy’s official Twitter account and a Form 8-K filing with the US Securities and Exchange Commission (SEC). Michael Saylor affirmed the acquisition and highlighted the company’s Bitcoin yield of 16.9% year-to-date in 2025. This continued investment strategy aligns with Saylor’s commitment to enhancing Bitcoin reserves through equity and debt offerings.

Funding Details of the Bitcoin Purchase

The acquisition of Bitcoin was funded through the sale of preferred shares. Strategy raised $74.6 million by selling shares of its STRK and STRF securities. This included the sale of 353,511 shares of STRK for $36.2 million, along with 374,968 shares of STRF for $38.4 million. These equity offerings provided the necessary capital to secure this tranche of Bitcoin.

Strategy’s focus remains on Bitcoin, with no evidence suggesting any allocation towards Ethereum (ETH) or altcoins from this treasury activity. The company’s stock (MSTR) and the related equity securities (STRK, STRF) are indirectly involved as they were used for funding these acquisitions.

Consistent Bitcoin Accumulation Strategy

For eight consecutive weeks leading up to June 1, 2025, Strategy has been consistently growing its Bitcoin reserves. This purchase is part of a broader trend among public companies that have started to include Bitcoin in their balance sheets. More than 60 public companies now hold Bitcoin, indicating broader corporate adoption.

Despite the scale of Strategy’s Bitcoin holdings, there were no accompanying regulatory or government statements related to this event. No new on-chain analytics, such as Total Value Locked (TVL) or changes in staking flows, were detailed in the company’s releases.

Impacts and Sentiments in the Market

The acquisition has sparked discussions around institutional confidence in Bitcoin, highlighting Strategy’s long-term bullish stance on cryptocurrency. While the immediate market impacts can vary, Strategy’s actions often contribute to short-term stability or rallies in Bitcoin’s price.

According to on-chain data estimates and indicators, Strategy’s Bitcoin holdings now represent nearly 3% of the total Bitcoin supply. This emphasizes the company’s influence within the corporate crypto treasury landscape, underlining its leadership in promoting Bitcoin as a key asset. This acquisition was officially confirmed by Strategy’s press release.