Strategy Inc. (NASDAQ: MSTR), the world’s largest corporate holder of digital assets, announced on Monday, June 8, 2026, that it acquired 1,550 Bitcoin for an aggregate purchase price of $101.3 million. The purchase, executed between June 1 and June 7, comes at an average price of $65,332 per Bitcoin.
This acquisition was funded through the sale of 1,409,600 shares of Class A common stock, which generated net proceeds of $181.0 million.
The Tysons Corner-based firm also significantly bolstered its liquidity during this period. Beyond the capital allocated to digital assets, Strategy Inc. increased its U.S. dollar reserve by $100 million. This move brings the company’s total cash reserves to $1.0 billion as of June 7, 2026. Management intends to use these funds to support preferred dividends and manage interest on outstanding debt.
This latest buy reinforces the company’s aggressive accumulation model following its rebranding from MicroStrategy in February 2025. The purchase of 1,550 BTC is nearly 50 times the volume of the 32 Bitcoin the company sold in late May to cover mandatory dividends.
Despite that minor sale, the firm’s total holdings have now climbed to 845,256 Bitcoin, acquired for a total of $63.97 billion at an average cost of $75,680 per coin.
Shareholder dilution triggers debate over Strategy Inc. Bitcoin holdings
The decision to issue over 1.4 million new shares has sparked criticism regarding the impact on existing investors. Financial commentator Peter Schiff labeled the acquisition as “dilutive to shareholders and a sign of trouble.” Peter Schiff argued that the company is glossing over how new share issuance reduces ownership stakes.
He suggested the current strategy has run its course, stating bluntly that “the game is over.”
Executive Chairman Michael Saylor defended the move on X, formerly Twitter, describing it as a strategic value-add. Michael Saylor contends the model works if shares trade above the net asset value of the underlying Bitcoin. While critics worry about com/bitcoin-signals-market-structure-analysis-2026/”>Bitcoin signals and market structure shifts, the company continues to use its equity as a tool for expansion. This premium effectively allows the firm to increase its Bitcoin per share over time.
Investors responded with cautious optimism on Monday morning. Strategy Inc. stock rose approximately 6% to $128 in pre-market trading. This gain helped offset a 7% drop recorded on June 5. The market appears to be balancing the inherent dilution of the ATM program against the company’s growing dominance in the crypto space. Currently, the firm has $25,956.1 million in remaining capacity for future share sales.
Management maintains focus on long term Bitcoin accumulation
President and CEO Phong Le dismissed rumors that the firm might deviate from its core focus. “Our corporate Strategy is to increase net Bitcoin and Bitcoin per share over time,” Phong Le stated. He characterized any contrary speculation as “just rumors.”
The CEO also recently sold 93,738 shares of MSTR on June 5, netting approximately $11.1 million, though the firm remains committed to its institutional treasury plan.
The timing of the purchase coincided with a minor recovery in the crypto markets. Bitcoin had recently dipped below $60,000 for the first time since October 2024 before climbing back above $62,000. By buying at $65,332, Strategy Inc. managed to lower its average cost basis for the first time since the accumulation plan began.
This is a critical development for a firm whose traders monitor the 200-day moving average to gauge long-term sustainability.
The broader market impact of these massive buys remains a focal point for analysts. Large-scale corporate entries exert upward pressure as Bitcoin supply on exchanges remains relatively thin. By maintaining a $1.0 billion cash cushion, Strategy Inc. aims to avoid forced liquidations of its 845,256 BTC during periods of high volatility.
This liquidity buffer ensures the company can meet its fixed obligations without compromising its long-term asset-holding strategy.