Saylor's Strategy Buys 1,587 BTC, Raising Total Holdings to 846,842

Strategy, the Nasdaq-listed company chaired by Michael Saylor, expanded its Bitcoin treasury again last week, buying 1,587 BTC for $100 million, according to a filing with the US Securities and Exchange Commission. The purchases were made between June 8 and Sunday at an average price of $63,024 per bitcoin. The buys came in below the company's reported average cost basis and nudged that figure down to about $75,656. Following the latest acquisition, Strategy now holds 846,842 BTC, accumulated at a total cost of $64.07 billion. Based on CoinGecko pricing of roughly $66,216 per BTC, the stake is valued at about $56.1 billion. The company said it financed the purchase by selling Class A common stock. Over the period, Strategy raised about $209 million through the sale of 1.73 million shares. It reported no activity in its preferred share programs, including STRC, STRF, STRK, and STRD. Outside market trackers continue to flag pressure in parts of Strategy's preferred stack. STRC.live reported STRC was below its $100 par value for a fourth straight week as of June 12, trading in the mid-$96 range. TradingView data cited by STRC.live showed STRC closing Friday at $94.80, down about 1%. Strategy's willingness to sell Bitcoin remains a point of debate in crypto circles. Cointelegraph previously reported the firm sold 32 BTC on June 1, its first disclosed sale in years. Saylor later told Cointelegraph that Bitcoin treasury companies need the flexibility to sell holdings to support dividend-paying securities tied to its digital credit business. Investors are expected to watch whether Strategy continues funding purchases primarily through common stock issuance, how its preferred programs trade versus par, and whether future SEC disclosures show additional buying that further narrows the gap between its cost basis and prevailing BTC prices.