Strategy has acquired 1,550 Bitcoin for approximately $101 million, further cementing its position as the most aggressive institutional buyer of the cryptocurrency. The purchase was financed through the company's at-the-market equity program, with proceeds from the sale of 1.4 million Class A common shares.
The company now holds a total of 845,256 Bitcoin, valued at around $54 billion. Despite the massive accumulation, Strategy is sitting on over $10 billion in unrealized losses as Bitcoin trades near $63,462 after recently falling below $60,000 for the first time since October 2024.
Michael Saylor announced the transaction, which follows the sale of 32 Bitcoin late last month-the company's first such sale since 2022-used to fund preferred stock dividends. Strategy also reported a $1 billion USD Reserve as of June 7, established to support dividend and interest payments.