🔴 Microstrategy buys 1,587 BTC for $100M; total holdings hit 846,842
Strategy (MSTR) acquired 1,587 bitcoin at an average price of $63,024 per coin during the week of June 8–14, according to a filing Monday. The purchase raised its total bitcoin reserve to 846,842 BTC, worth approximately $56 billion at current prices.
The company funded the buy through equity issuance: it raised $209 million by selling 1.73 million MSTR shares via its at-the-market program and increased its USD Reserve to $1.1 billion through a $100 million stock sale.