Strategy expands bitcoin reserves: new purchase of 520 BTC for $34.9 million
The largest corporate holder of bitcoin, Strategy, continues to actively accumulate the first cryptocurrency. Between June 15 and 21, I recorded the acquisition of 520 BTC for a total of $34.9 million. The average purchase price, including all fees and related expenses, was $67,068 per coin.
As of June 21, the company's total portfolio reached an impressive 847,363 BTC. At the current market valuation, this is equivalent to $64.1 billion, with an average entry price across all positions of $75,651 per bitcoin. This scale of accumulation makes Strategy the undisputed leader among institutional investors in cryptocurrency.
This purchase was financed using the company's traditional method — through the issuance of MSTR shares. Over the past week, Strategy placed 2,714,839 shares, raising $335.5 million. Part of these funds was used to increase bitcoin reserves.
Analytical commentary. Strategy's current approach demonstrates management's confidence in bitcoin's long-term growth, despite short-term market volatility. Buying at a price below the average portfolio indicator ($67k vs. $75k) indicates a prudent averaging of the position. However, it is worth noting that issuing shares to finance purchases dilutes the stake of existing shareholders, which could become a factor putting pressure on MSTR's value in the future. The market is closely watching this balance.