Strategy (Photo: Shutterstock)

Strategy bought an additional 1,587 bitcoins (BTC) with $100 million. The purchase lifted the company's total bitcoin holdings to 846,842 BTC. The funds came from selling MSTR shares, its Class A common stock.

An SEC 8-K filing cited by blockchain media outlet Cointelegraph on June 15 showed Strategy bought bitcoin from June 8 to June 15 at an average price of $63,024. The overall average purchase price edged down to $75,656 from about $75,700.

Strategy has spent a total of $64.07 billion on bitcoin purchases so far. At a bitcoin price of about $66,216 per coin, CoinGecko data put the value of the company's holdings at about $56.1 billion. Strategy raised about $209 million last week by selling 1.73 million MSTR shares, while it raised no additional funds through preferred stock programs such as STRC, STRF, STRK and STRD.

Michael Saylor (마이클 세일러), Strategy's chairman, said on X, formerly Twitter, ahead of the purchase announcement, "adding dots." Investors have interpreted the phrase as a signal that Strategy would buy more bitcoin.

The purchase comes about 2 weeks after Strategy said on June 1 it sold 32 BTC. The sale was extremely small compared with total holdings, but it sparked debate because it was the company's first bitcoin sale in years and raised questions about whether it was stepping back from its existing "long-term holding" strategy.

Saylor recently said bitcoin treasury strategy companies must retain the ability to sell assets to support dividend-paying securities. The remarks are seen as underscoring that some selling is related to funding structures rather than a strategic shift.

That has led to growing market interest in how Strategy raises funds as it continues buying bitcoin. As the company repeatedly funds purchases by selling shares, the path of bitcoin prices as well as the stock price and preferred stock market reaction are cited as factors that will gauge its capacity for future purchases.

Market attention is focused on how long Strategy can keep raising funds through share sales and buying bitcoin. As it returned to buying despite a recent partial sale, its push to expand bitcoin holdings is likely to continue for the time being.

$STRC weekly guess time Fourth straight zero week—price stuck in the mid-$96s, now 29 days below par. Longest drought since launch. What will Monday's 8-K confirm? Drop your guess below https://t.co/lVNalzUMK3 pic.twitter.com/ejNjMfXVuT

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#Strategy #Bitcoin #SEC #MSTR #Michael Saylor
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