Strategy is once again increasing its reserves: 520 BTC acquired for $34.9 million
Between June 15 and June 21, Strategy made another Bitcoin acquisition, adding 520 BTC to its portfolio. The total transaction amount was $34.9 million, with an average purchase price, including all fees and related expenses, recorded at $67,068 per coin.
As of June 21, Strategy's total Bitcoin holdings reached 847,363 BTC. The current market value of this portfolio is estimated at $64.1 billion, with an average acquisition price of all coins at $75,651. Thus, the company continues to demonstrate a confident long-term strategy of accumulating the leading cryptocurrency, despite market volatility.
The funding for the latest purchase was secured through the issuance of MSTR shares. Over the week, Strategy placed 2,714,839 shares, raising $335.5 million. This is a classic mechanism for the company: using a premium to net asset value, Strategy converts capital raised from share sales into Bitcoin, strengthening its position as the largest corporate holder of BTC.
Analytical Commentary: This move confirms that Strategy's management maintains an unwavering belief in Bitcoin's long-term potential as a reserve asset. The purchase at an average price below the portfolio average ($67k vs. $75k) appears particularly prudent during current corrections — this is a dollar-cost averaging tactic that could yield significant profits in the long run if the market recovers. However, it is important to remember that such aggressive concentration in a single asset also carries substantial risks during deep drawdowns.