Strategy has added another $110.2 million in Bitcoin to its balance sheet as the asset hovers near its record price.
In a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, the company disclosed the purchase of 1,045 BTC at an average cost of $105,426 per coin. This latest move brings Strategy’s total holdings to approximately 582,000 BTC, acquired for around $40.8 billion—averaging $70,086 per coin.
The acquisition was hinted at by Strategy’s executive chairman and co-founder, Michael Saylor, on June 8. It marks the ninth straight week the company has added Bitcoin to its reserves.
At the time of the announcement, Bitcoin was trading at $107,640 according to CoinMarketCap—just 3.9% below its all-time high of roughly $112,000, set in May.
$1 Billion Stock Offering Fuels Bitcoin Expansion
This Bitcoin purchase follows Strategy’s announcement of a major stock offering. The firm plans to raise $1 billion—quadrupling its previous target of $250 million—to fund further BTC acquisitions and support business operations.
The offering includes 11.76 million shares of Strategy’s 10.00% Series A Perpetual Stride Preferred Stock, priced at $85 each. After deducting underwriting and related costs, the company expects net proceeds of approximately $979 million.
Unlike previous rounds, this new issuance offers non-cumulative 10% dividends, making it especially attractive to institutional investors looking for yield opportunities.
MicroStrategy’s Influence Continues to Grow
Strategy—formerly known as MicroStrategy—started building its Bitcoin treasury in August 2020, beginning with a $250 million purchase of 21,454 BTC. Today, the firm controls over 2.75% of the total Bitcoin supply.
Its market value has soared to $104.6 billion, a massive jump from $1.2 billion before its Bitcoin strategy began. The company’s bold approach has since inspired others to follow suit.
Japanese firm Metaplanet, often dubbed the “MicroStrategy of Japan,” recently climbed to the eighth-largest corporate Bitcoin holder. Meanwhile, France’s Blockchain Group added 580 BTC to its reserves, triggering a 225% spike in its stock price after transitioning to a Bitcoin-first model in late 2024.
Earlier this month, Norwegian Block Exchange, a crypto firm based in Norway, saw its shares jump 138% in a single day after revealing plans to adopt a Bitcoin treasury strategy.
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