Strategy Adds 1,550 BTC for $101M, Raising Holdings to 845,256 BTC
TL;DR Summary
Strategy, led by Michael Saylor, bought 1,550 more BTC for about $101.3 million (average ~$65,332) between June 1–7, lifting its total to 845,256 BTC (roughly $53.5 billion). The purchases were funded via ATM sales of MSTR stock, the firm’s USD reserves rose to $1 billion, and the stake now accounts for just over 4% of Bitcoin’s supply, implying about $10.5 billion in paper losses at current prices.
- Michael Saylor's Strategy buys another 1,550 bitcoin for $101 million after small sale as total holdings rise to 845,256 BTC The Block
- Billionaire Michael Saylor’s Strategy Buys Bitcoin Dip With $100 Million Purchase Forbes
- Crypto mutiny on Strategy: Shorts target 'MSTR' in bitcoin bloodbath CNBC
- Live updates: Bitcoin tops $63,000 as Strategy adds $100 million BTC in latest purchase CoinDesk
- Bitcoin Steadies After $60,000 Breach as Saylor Hints at Buying Bloomberg.com
Reading Insights
Total Reads
0
Unique Readers
5
Time Saved
27 min
vs 28 min read
Condensed
99%
5,561 → 67 words
Want the full story? Read the original article
Read on The Block