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.
Institutional interest in Bitcoin is heating up again, with major asset managers making massive moves.
Tokyo-listed Metaplanet has kicked off its aggressive Bitcoin acquisition plan by securing 74.9 billion yen ($515 million) through new share issuance — the first step in its bid to own 1% of Bitcoin’s total supply.
Trump Media & Technology Group (TMTG), the company behind Truth Social, is ramping up its entry into the crypto investment world.
Investor enthusiasm for U.S.-listed spot Bitcoin ETFs has reached a fresh high, with over $2.2 billion pouring in over the past 11 trading days.