news2h ago

Strategy Increases Holdings with 520 $BTC Acquisition

Strategy acquired 520 Bitcoin for $35 million, bringing its total reserve to 847,363 BTC. The firm also expanded its USD Reserve by $300 million to $1.4 billion to support its Digital Credit securities.

Strategy Increases Holdings with 520 $BTC Acquisition

Strategy Adds to Bitcoin Reserve for Third Consecutive Week

@MichaelSaylor announced on June 22, 2026 that Strategy acquired 520 $BTC for approximately $35 million, marking the firm's third straight weekly Bitcoin purchase and lifting its total holdings to 847,363 BTC.

The acquisition is a step down from the prior week's purchase of 1,587 BTC for $100 million, reflecting a more measured pace of accumulation. The firm has established itself as the largest corporate Bitcoin holder, using a mix of equity and credit instruments to expand holdings while managing associated obligations.

USD Reserve Expansion Signals Focus on Digital Credit Obligations

Alongside the Bitcoin purchase, Strategy increased its USD Reserve by $300 million to $1.4 billion to support the credit quality of its Digital Credit securities. The move points to a deliberate effort to balance aggressive Bitcoin accumulation with the liquidity needed to service its preferred stock commitments.

The company has built its position through a mix of debt issuance, equity sales, and capital raised through preferred share instruments, including $STRC. The company's average cost basis stands at $75,700 per coin, according to its latest SEC Form 8-K filing.

Ahead of the announcement, Saylor posted on X: "Looks better with more dots," a phrase his followers have come to recognize as a near-certain preview of acquisition news on Mondays.

Sources:
BeInCrypto: MicroStrategy Buys 520 Bitcoin While Building $1.4 Billion Cash War Chest
Bitcoin.com News: Strategy Grabs 520 More Bitcoin for $35M
CoinDesk: Strategy Purchases More Than $2 Billion of BTC

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