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.
Altcoins may be heading for deeper losses against Bitcoin, according to crypto market analyst Benjamin Cowen, who sees no signs of reversal in the broader trend.
Robert Kiyosaki, author of Rich Dad Poor Dad, has raised alarm bells once again—this time warning that the financial system may already be in the early stages of a historic downturn.
On Monday alone, U.S.-listed spot BTC ETFs recorded more than $250 million in outflows—the third straight day of withdrawals—suggesting a shift in sentiment as investors reassess their exposure.
In an effort to broaden its investor base, the ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 stock split on June 16, making shares more affordable for everyday investors.