Strategy, the company formerly known as MicroStrategy, has expanded its bitcoin position again, announcing that it acquired an additional 10,100 BTC between June 9 and June 15. According to the company’s disclosure, the purchase cost approximately $1.051 billion, with an average acquisition price of about $104,080 per bitcoin, including fees and related expenses.
Bitcoin Treasury Grows to 592,100 BTC
The latest purchase pushes Strategy’s total bitcoin holdings to 592,100 BTC, further cementing its status as the world’s largest institutional holder of the asset. The company said those holdings were accumulated at a total purchase price of roughly $41.84 billion, implying an average cost basis of about $70,666 per BTC.
The disclosure was made through a filing with the U.S. Securities and Exchange Commission. Executive Chairman and co-founder Michael Saylor also highlighted the transaction on X, where he said the company had achieved a BTC Yield of 19.1% year-to-date in 2025. The update reflects Strategy’s continued commitment to using bitcoin as the centerpiece of its treasury and capital markets strategy.
Preferred Stock Offerings Funded the Purchase
The SEC filing outlined how the acquisition was financed. In the week leading up to June 15, Strategy raised about $78.4 million through at-the-market offerings. That total included approximately $45.2 million from the sale of 452,487 STRK shares, described as 8.00% Series A Perpetual Strike Preferred Stock, and roughly $28.6 million from the sale of 286,101 STRF shares, identified as 10.00% Series A Perpetual Strife Preferred Stock.
In addition, the company completed a public offering on June 10 involving 11,764,700 STRD shares, or 10.00% Series A Perpetual Stride Preferred Stock. That deal generated net proceeds of approximately $979.7 million. Together, those financing channels supplied the capital needed for Strategy’s latest billion-dollar bitcoin purchase.
The structure of the transaction is significant because it shows that Strategy remains committed to leveraging public market instruments to expand its bitcoin treasury. Rather than relying solely on operating cash flow, the company continues to tap specialized securities offerings tied to investor demand for yield-bearing instruments.
Saylor Doubles Down on a Long-Term Bitcoin Thesis
Saylor has long been one of bitcoin’s most prominent corporate advocates, and the latest announcement was accompanied by another strong affirmation of that stance. In public comments referenced in the report, he described bitcoin as an asset “engineered to outperform” competing stores of value and financial assets over time.
He has also made a series of bold long-range projections about bitcoin’s role in the global economy. Among them are forecasts that bitcoin could reach $1 million per coin, eventually attain a market capitalization of $500 trillion, and surpass major stores of value such as gold and real estate. The report also noted his view that bitcoin could generate as much as $81 trillion for the U.S. Treasury. More recently, he said he has become even more bullish on his much-discussed $13 million bitcoin price prediction.
While those projections remain aspirational and highly debated, they are central to the Strategy narrative. The company has built a public identity around the idea that bitcoin is not merely a reserve asset, but a superior long-term capital allocation vehicle capable of transforming corporate balance sheets.
Market Attention Now Turns to Scale and Risk
With holdings now approaching 600,000 BTC, Strategy’s bitcoin accumulation strategy has entered a new phase of scale. The company’s position is so large that each new acquisition draws attention not only from crypto investors, but also from equity markets, regulators, and corporate treasury observers.
The latest purchase underscores that Strategy is still willing to buy aggressively even after bitcoin has traded above the six-figure level. That is notable because it suggests management remains focused on long-term appreciation rather than short-term entry-point concerns. At the same time, the strategy keeps the company closely tied to bitcoin price volatility, financing conditions, and investor appetite for its preferred stock instruments.
For now, the message from Strategy is consistent: it intends to keep expanding its bitcoin reserves through disciplined but persistent capital raising. As long as the company can access markets and maintain investor support, bitcoin appears set to remain the defining asset on its balance sheet and at the center of its corporate strategy.