As Bitcoin briefly slipped to $103,000 last week, Strategy—the largest corporate BTC holder—seized the opportunity to grow its reserve.
In a filing dated June 2, the company confirmed the purchase of 705 BTC for $75.1 million between May 26 and 30, paying an average of $106,495 per coin.
This latest acquisition boosts Strategy’s total Bitcoin holdings to 580,955 BTC, acquired for roughly $40.68 billion at an average entry price of $70,023. The buy marks the firm’s final Bitcoin addition for May.
Meanwhile, Strategy director Jarrod Patten offloaded 3,750 shares of MSTR between May 22 and 29, netting close to $1.4 million. The stock dropped below $360 during the sales but ended the week at $369, still showing strength despite pre-market softness.
Year-to-date, MSTR remains up 23%, with a 123% increase over the past year—underscoring continued investor interest, even as internal selling adds short-term pressure.
Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.
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In a move that signals changing tides in traditional finance, JPMorgan is preparing to accept Bitcoin ETF holdings as collateral for loans—starting with BlackRock’s iShares Bitcoin Trust, according to insiders familiar with the plan.
With U.S. debt now over $36 trillion and the August 2025 ceiling deadline approaching, fears of default are mounting.