Strategy added 1,587 bitcoin between June 8 and June 14 for about $100 million, lifting its total holdings to 846,842 BTC, according to a U.S. Securities and Exchange Commission filing. At current market prices, the stash is worth roughly $56 billion.
The latest purchases were made at an average price of $63,024 per bitcoin and were funded through at-the-market sales of the company’s Class A common stock. In total, Strategy has accumulated its bitcoin at an average cost of $75,656, bringing total spending to about $64.1 billion and leaving the firm with roughly $8.1 billion in unrealized losses.
stock sales fund continued accumulation
The filing shows Strategy sold 1,732,553 Class A shares for about $209 million last week. As of June 14, it still has $25.75 billion worth of stock available for issuance under its ongoing at-the-market program.
The company has also expanded its capital-raising capacity, allowing for up to $21 billion in additional Class A shares, $21 billion in STRC preferred stock, and $2.1 billion in STRK preferred stock. STRC currently offers a variable dividend yield of 11.5% but has not been used for bitcoin purchases since mid-May after trading below its par value.
At its annual meeting, shareholders approved a change to STRC dividend payments, shifting from monthly to twice-monthly distributions in an effort to improve liquidity and price stability. The adjustment is set to begin later in June.
liquidity position improves amid scrutiny
Strategy’s U.S. dollar reserves rose to $1.1 billion as of June 14, up from $1 billion a week earlier. Analysts at JPMorgan said the increase restores some near-term capacity to meet dividend obligations following earlier concerns about limited cash coverage.
Sygnum Bank analysts said the company could also meet its dividend commitments by selling a small portion of its bitcoin, though that would mark a shift away from its core treasury strategy.
broader market signals cooling demand
Across public markets, 199 listed companies now hold bitcoin in their treasuries. Major holders include Twenty One, Metaplanet, MARA, Bitcoin Standard Treasury Company, Bullish, Strive, SpaceX, Coinbase, and Riot Platforms.
Many of these companies’ shares remain below their 2025 highs as valuations relative to net asset value have declined. Strategy’s stock closed last week at $123.97, down 0.2% for the week and nearly 20% year to date, while bitcoin posted a 0.4% weekly gain.
Trading activity in bitcoin-linked equities has also weakened, with average daily volumes falling to $17.4 billion in mid-June from $34.2 billion in December 2025. The decline comes as traders increasingly favor spot bitcoin ETFs, which offer more direct exposure.
Those ETFs have recently seen five straight weeks of net outflows, including $316 million in the week ending June 12, signaling reduced appetite from institutional participants.
macro pressure and price outlook
The broader macro environment remains a headwind. U.S. inflation stood at 4.2% year over year in May, complicating the Federal Reserve’s policy path and weighing on risk assets such as bitcoin.
Bitcoin is currently trading around $64,500 after retreating from earlier highs near $82,969. Some cycle-based models suggest a potential bottom later in 2026, with projected ranges between $40,000 and $46,000, while machine-learning forecasts point to a price near $62,678 by the end of June.
Derivatives markets reflect a cautious stance. Options data shows growing demand for downside protection, with significant open interest in put contracts targeting potential declines into the mid-$50,000 range.
strategy doubles down on bitcoin model
Despite market uncertainty and mounting unrealized losses, Strategy continues to treat bitcoin as its primary treasury reserve asset rather than a short-term trade. Its ongoing purchases, regardless of price conditions, underscore a strategy that relies on sustained equity issuance and continued market demand for its stock as a proxy for bitcoin exposure.
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