Michael Saylor's Strategy bought 1,587 bitcoin for about $100 million last week, its first purchase disclosed since the firm broke a multi-year buying streak with a small sale in late May. The latest coins came in well below the average price Strategy has paid to build the largest corporate bitcoin treasury.
Strategy acquired the bitcoin between June 8 and June 14 at an average price of $63,024 a coin, according to an 8-K filing submitted on Monday and echoed in a post from executive chairman Saylor on X. That lifts holdings to 846,842 BTC bought for a cumulative $64.07 billion, an average of $75,656 each. The purchases were funded by selling 1,732,553 MSTR shares for roughly $209 million in net proceeds, and the company added $100 million to its USD reserve, taking that balance to $1.1 billion.
The week's average entry price sits about 17% below Strategy's blended cost basis. Bitcoin traded around $66,474 on Monday, up roughly 4% on the day, per CoinGecko, leaving the firm's 846,842-coin position worth about $56.3 billion against the $64.07 billion it has spent. The stack is close to break-even on a mark-to-market basis after a spring drawdown that pushed the coin under $63,000.
Buying below the blended cost is a shift from much of the past two years, when Strategy added coins at prices above its running average and the treasury sat comfortably in the money. Last week's tranche of 1,550 BTC went in at about $65,000 a coin, also under the blended cost, marking a second straight week of below-average accumulation as bitcoin churned in the low $60,000s.
