Bitcoin treasury firm Strategy bought another 1,550 Bitcoin between June 1 and June 7 for about $101.3 million, according to a filing with the U.S. Securities and Exchange Commission. The company paid an average of $65,332 per coin.
The purchase comes during one of the sharpest market corrections in recent months, highlighting the firm’s continued accumulation strategy even as broader sentiment weakens.
Total holdings reach 845,256 bitcoin
Strategy now holds 845,256 Bitcoin, worth roughly $53.5 billion at current prices. Its total cost basis is करीब $64 billion, translating to an average purchase price of $75,680 per coin.
The holdings represent just over 4% of Bitcoin’s fixed 21 million supply and currently reflect unrealized losses of around $10.5 billion.
The latest purchases were funded through the sale of Class A common stock, with the company raising $181 million by issuing 1.41 million shares last week.
Capital strategy expands alongside bitcoin accumulation
As of June 7, Strategy still had $25.96 billion available under its at-the-market stock program. The company recently expanded this authorization, adding capacity to issue up to $21 billion each in additional Class A stock and STRC preferred shares, along with $2.1 billion in STRK preferred shares.
The firm also reported an increase in U.S. dollar reserves to $1 billion, up from $900 million a week earlier.
First bitcoin sale since 2022 raises concerns
The aggressive buying follows a notable shift in late May, when Strategy sold 32 Bitcoin for about $2.5 million at an average price of $77,135. It marked the company’s first sale since 2022 and coincided with a roughly 20% price drop.
Bitcoin fell from about $73,700 to near $59,300 before recovering above $63,000 over the weekend.
JPMorgan analysts said the sale raised concerns about liquidity, noting the company holds cash reserves equivalent to roughly 6.3 months of dividend payments after repurchasing $1.5 billion in convertible notes for $1.38 billion.
Conflicting views on financial flexibility
Analysts remain divided on Strategy’s outlook. One group said current stock and preferred share prices could limit the company’s ability to continue accumulating Bitcoin. Another maintained that its equity programs and cash flow remain sufficient to sustain dividend obligations.
The company is set to vote on a proposal to shift preferred stock dividend payments from monthly to twice-monthly intervals. Around 80% of STRC shares are held by retail traders, giving them significant influence over the decision.
Broader corporate bitcoin holdings face pressure
Data from Bitcoin Treasuries shows 198 public companies now hold Bitcoin on their balance sheets. Other major holders include Twenty One, Metaplanet, Marathon Digital, Coinbase, and Riot Platforms.
Many of these firms have seen steep valuation declines since mid-2025, with shares trading below net asset value. Strategy’s stock fell 19.7% last week to $120.44 and is down 22% year-to-date, although it edged higher in pre-market trading.
Market correction deepens amid etf outflows
The latest purchase comes as Bitcoin undergoes a significant correction, dropping from an intraweek high of $72,840 to about $64,100, a decline of roughly 12%.
A major driver has been heavy outflows from spot Bitcoin ETFs, which have recorded more than $4.4 billion in net redemptions over a 13-day stretch. The Coinbase Premium Index has also turned negative at -0.15%, signaling weaker demand from U.S. traders relative to global markets.
Macro pressure and shifting sentiment weigh on bitcoin
The downturn is unfolding alongside tightening macroeconomic conditions. Stronger-than-expected U.S. jobs data has reinforced expectations of prolonged restrictive monetary policy, contributing to a broader risk-off environment.
This shift has led to a growing divergence between Bitcoin and traditional equities. Over the past 30 days, the S&P 500 has gained about 4.5%, while Bitcoin has fallen roughly 24%, reflecting a rotation of capital toward sectors such as artificial intelligence.
Key levels and outlook under watch
Traders are closely monitoring support levels near $60,000 and the 200-week moving average around $61,700. Continued ETF outflows remain a key signal of institutional positioning, with any reversal seen as critical for a sustained recovery.
On-chain data from Glassnode suggests a potential market bottom could form between $46,000 and $54,000 based on historical cost-basis models. Some analysts expect any near-term rebound to be temporary, with a more definitive bottom likely later in the year.
Strategy’s continued buying during this period underscores a clear divergence from broader market behavior, as the company continues to increase exposure despite mounting unrealized losses and tightening financial conditions.
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