Strategy buys 1,587 Bitcoin, funded by MSTR stock sales

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added 1,587 BTC last week, spending $100 million between June 8 and Sunday. The purchases averaged $63,024 per coin, nudging the company’s overall average cost basis down slightly to $75,656.

Strategy now holds 846,842 BTC at a total cost of $64.07 billion; at a bitcoin price of about $66,216, those holdings are worth roughly $56.1 billion based on CoinGecko data. The latest buy was funded by selling Class A common stock (MSTR), with the company raising about $209 million by offloading 1.73 million MSTR shares, while preferred share programs showed no activity.

STRC traded below its $100 par value for a fourth straight week, lingering in the mid-$96 range and closing at $94.80 on Friday, down around 1% per TradingView.

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