[Update 18:15 UTC June 8: Adds outcome of Strategy shareholder vote on change in preferred stock dividend payments in sixth paragraph.]
Strategy purchased 1,550 Bitcoin for approximately $101.3 million last week, bringing its total holdings to 845,256 BTC.
The company paid an average price of $65,332 per Bitcoin for the purchase, according to a Monday 8-K filing with the US Securities and Exchange Commission. Strategy’s aggregate Bitcoin holdings were acquired at an average price of $75,680 per BTC, for a total cost of about $63.97 billion.
The latest acquisition was funded using proceeds from sales of Class A common stock through the company’s at-the-market offering program. According to the filing, Strategy generated $181 million in net proceeds from those stock sales during the first week of June.
Strategy now holds 845,256 BTC. At Bitcoin’s current price of about $63,600, its holdings are worth roughly $53.8 billion.
The company’s shares rose 6.55% in pre-market trading to $126.90 following the disclosure, according to Yahoo Finance data at the time of writing.
Separately, Strategy said Monday that shareholders approved a change in the dividend payment cadence for its STRC preferred stock to semi-monthly, on the 15th and at month-end. The new schedule will begin on July 15, for shareholders of record on June 30.
Strategy returns to Bitcoin buying after controversial sale
The latest purchase follows a Sunday X post by Strategy’s executive chairman, Michael Saylor, who said that it was “a good time to add more dots.”
Strategy purchased another 1,550 Bitcoin. Source: Strategy
The purchase also marks a resumption of the company’s BTC accumulation strategy after its controversial sale of 32 BTC last Monday, which was its first since 2022.
Related: Strategy’s leveraged Bitcoin model has faced its first stress test: Grayscale
Bitcoin price fell 21% following the sale, briefly retesting $61,000 for the first time in four months, and sparking heavy criticism from traders who warned of a potential “doom loop” if the firm were ever forced to sell reserves.
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