Michael Saylor’s Strategy Buys 1,587 Bitcoin for $100 Million, Lifting Holdings to 846,842 BTC

Strategy (MSTR) bought 1,587 bitcoin for approximately $100 million, lifting its total holdings to 846,842 BTC, according to a Monday morning filing.

“Strategy (NASDAQ:MSTR | MSTR Price Prediction), the bitcoin treasury company formerly branded as MicroStrategy, has been one of the most volatile stories in large-cap tech over the past year”

24/7 Wall St.

The purchase ran from June 8 to June 14 and was made at an average price of $63,024 per bitcoin, with Strategy also increasing its USD Reserve by $100 million to $1.1 billion.

24/7 Wall St.

Michael Saylor confirmed the acquisition in a public statement on X, writing, “Strategy has acquired 1,587 BTC for $100 million,” and adding that the purchase lifted the firm’s Bitcoin reserve to ₿846,842.

CryptoRank framed the move as raising dilution concerns, noting that Strategy issued 1.7 million new shares raising about $209 million and that Bitcoin-per-share fell from 13% on June 1 to 12.5% on June 15.

CryptoRank said the share issuance diluted the company’s Bitcoin-per-share metric, even as Strategy used $100 million to buy 1,587 BTC and now holds roughly $1.1 billion in crypto.

The same piece highlighted that the stock trades at about 0.8x NAV, describing the issuance as a “discount” dilemma for investors watching whether dilution offsets Bitcoin exposure.

@coindesk

A financial analyst quoted by CryptoRank said, “Issuing equity at a discount to NAV to purchase Bitcoin seems counterintuitive,” and warned that diluting shareholders doesn’t automatically create value.

In parallel, Changelly reported that Bitcoin price hovered around $66,500 as Strategy returned to accumulation, and it said the company increased its USD reserve by another $100 million to $1.1 billion.

CoinDesk described Strategy’s USD Reserve as money set aside in December 2025 to cover dividends on its preferred shares and interest on its debt, and it said building it up while continuing to buy bitcoin signals funding both accumulation and obligations through equity issuance.

“Strategy (Nasdaq: MSTR) has purchased 1,587 bitcoin for approximately $100 million, bringing the company’s total bitcoin holdings to 846,842 BTC, according to an 8-K filing with the Securities and Exchange Commission on Monday morning”

Bitcoin Magazine

CryptoRank added that the calculus for investors hinges on whether Bitcoin price appreciation outpaces dilution and market risk, framing the company’s model as a concentrated bet on a single asset class.

TradingView reported that Strategy funded the latest purchase entirely through STRC and that it raised $209.0 million in net proceeds from 1,732,553 Class A shares sold under its at-the-market program.

Looking beyond the immediate buy, TradingView also said Strategy has about $25.7 billion in remaining MSTR issuance capacity, while warning that Strive CEO Ben Werkman told BTC Prague on Friday that an extended period of Bitcoin weakness could pressure treasury firms relying on convertible debt financing.