Strategy acquires 580955 Bitcoin
Strategy, Michael Saylor’s company, just revealed that it bought 705 more Bitcoin, marking eighth straight week of purchases. This brings the company’s overall Bitcoin holdings—worth over $60 billion—to 580,955 BTC.
With an average cost of $106,495 each Bitcoin, the most recent acquisition happened in the week ending June 1. Bitcoin is trading now above $104,000, which means the company is realizing unrealized gains worth almost $20 billion.
Strategy sold different stocks between May 26 and June 1 to pay for this acquisition: 353,511 STRK shares for about $36 million and 374,968 STRF shares for about $38 million. Though Bitcoin dropped more than 4% in the past week, it had lately peaked at roughly $112,000 before under pressure from ETF outflows, proposed steel tariffs by Trump, and stalled US-China trade negotiations.
Saylor hinted at more purchases during a decline in Bitcoin prices over the weekend, sharing a post featuring Strategy’s Bitcoin portfolio under the caption, “Orange is my preferred color,” which often denotes forthcoming purchases.
Saylor said in an interview with CNBC at the Bitcoin 2025 event in Las Vegas that while acquiring Bitcoin will become more challenging, the company will improve its efficiency in making purchases and expressed confidence in keeping buying Bitcoin.
With over 70 companies including Tether-backed Twenty One, Trump Media, and GameStop having Bitcoin on their balance sheets, more institutions are following a similar approach.
