Strategy has acquired 1,587 Bitcoin for approximately $100 million, increasing its total holdings to 846,842 BTC, according to a Form 8-K filing released on June 15. The company purchased the Bitcoin at an average price of $63,024 per coin, bringing its aggregate investment in the asset to more than $64 billion.
The filing also showed that Strategy increased its USD Reserve by $100 million to $1.1 billion. The reserve was established to support dividend payments on preferred stock and interest obligations, with the latest increase reflecting proceeds generated through the company’s at-the-market share sale program.
The update arrives days after investors debated Strategy’s disclosure that it had sold 32 BTC, a rare sale for a company closely associated with a long-term Bitcoin accumulation strategy. The transaction sparked speculation that Strategy could be softening its commitment to holding Bitcoin indefinitely.
Executive Chairman Michael Saylor later addressed the criticism, stating that the company had never promised it would never sell Bitcoin. He argued that management’s responsibility is to maximize shareholder value while continuing to view Bitcoin as Strategy’s primary treasury reserve asset.
Despite the controversy, the latest purchase signals that the company remains committed to expanding its Bitcoin holdings.
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