Strategy Adds 245 More Bitcoin, Expands $84B War Chest as Saylor Reaffirms Long-Term BTC Bet

Bitcoin treasury giant Strategy Inc. (formerly MicroStrategy) has deepened its holdings with the purchase of 245 BTC worth approximately $26 million, acquired between June 16 and June 22 at an average price of $105,856 per coin. The acquisition was disclosed in a Monday SEC 8-K filing and comes just a week after the firm bought 10,100 BTC for over $1 billion.

With this latest addition, Strategy now owns 592,345 BTC, valued at over $60 billion, representing 2.8% of Bitcoin’s fixed 21 million supply. The average acquisition price across all purchases stands at $70,681, amounting to a total investment of $41.9 billion, according to Executive Chairman Michael Saylor — resulting in unrealized gains of around $18 billion.

Preferred Shares Fund Bitcoin Blitz

The new purchase was financed using proceeds from the company's perpetual preferred stock offerings. Last week alone, Strategy raised $17.4 million from the sale of 166,566 shares of STRK, and $8.7 million from 84,354 shares of STRF. STRK is a convertible preferred stock yielding an 8% non-cumulative dividend, while STRF offers a 10% cumulative fixed dividend. A third class, STRD, is non-convertible but offers a 10% non-cumulative dividend and has been described as “highly accretive” by analysts at TD Cowen.

These stock offerings are part of Strategy’s ambitious "42/42" capital plan, recently doubled from its original $42 billion goal. The plan now aims to raise $84 billion by 2027 to further fund bitcoin acquisitions, with about $20.6 billion in STRK, $1.97 billion in STRF, and $18.6 billion in common stock (MSTR) still available for issuance.

"Nothing Stops This Orange"

Hinting at future buys, Saylor shared an update Sunday on Strategy’s bitcoin portfolio tracker with the caption “Nothing Stops This Orange”, echoing the popular meme about the inevitability of fiat currency debasement. Though the pace of recent acquisitions has slowed compared to earlier this year, the company continues to pivot to preferred shares as a more sustainable funding channel.

Institutional Momentum Grows

Strategy’s aggressive bitcoin strategy continues to influence the corporate landscape. More than 200 companies now hold bitcoin on their balance sheets, including Metaplanet, which just reached 11,111 BTC, as well as newcomers like Trump Media, GameStop, and Semler Scientific. The Saylor-led firm remains the undisputed leader of the corporate bitcoin movement.

Despite concerns from some investors over Strategy’s premium-to-NAV valuation and increasingly layered funding programs, analysts point to the firm’s low leverage and no major debt obligations until 2028 as signs of long-term stability.

Market Snapshot

Strategy shares (MSTR) closed up 0.2% at $369.70 on Friday, even as bitcoin fell 4.9% amid rising Middle East tensions. MSTR is currently down 1.9% in pre-market trading, but remains up 23.2% year-to-date.

“We’re not just stacking sats,” one analyst quipped, “we’re watching Strategy redefine corporate finance — one bitcoin at a time.”