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.
A new report from Cane Island reveals a startling truth about Bitcoin’s supply: by late 2025, over 7 million BTC could be permanently lost—more than one-third of all coins ever mined.
In a fresh move to bolster its Bitcoin war chest, Strategy is rolling out a new fundraising vehicle—Stride preferred shares—targeting up to $1 billion in capital.
Metaplanet is aggressively expanding its Bitcoin holdings through an unconventional $5.4 billion capital raise, positioning itself as a leading BTC proxy in Asia.
BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.