Strategy buys 1,587 bitcoin for $100 million, holdings top 846,842 BTC

Strategy (MSTR) last week acquired 1,587 bitcoin for approximately $100 million, increasing its total holdings to 846,842 BTC, according to a Monday morning filing.

The purchase was made at an average price of $63,024 per bitcoin. The company also disclosed it had increased its USD Reserve by $100 million to $1.1 billion via the sale of common stock. The acquisition ran from June 8 to June 14, the same week Strategy raised $209 million by selling about 1.73 million MSTR shares.

For cryptocurrency traders, this continued accumulation by one of the largest corporate bitcoin holders signals sustained institutional demand. Strategy's buying activity often influences market sentiment, as large-scale purchases can reduce exchange supply and support prices. This dynamic is amplified by the current market environment: the 2024 halving has cut block rewards to 3.125 BTC, tightening new supply, while spot Bitcoin ETFs have absorbed over 300,000 BTC since January, further straining available liquidity. Exchange reserve drawdowns have accelerated, with BTC balances on exchanges hitting multi-year lows, a bullish signal if demand persists. Meanwhile, miner break-even costs have risen to around $50,000 post-halving, providing a price floor, and on-chain data shows whale concentration increasing, with addresses holding over 1,000 BTC accumulating steadily. Bitcoin dominance has climbed above 55%, reflecting capital rotation from altcoins into BTC amid macroeconomic uncertainty. The correlation with US Treasury yields and the DXY remains relevant: a weaker dollar and falling yields have historically supported BTC as a hedge, though recent Fed hawkishness could cap upside. Live crypto prices and charts on NowPrice show how the market is reacting to this latest addition.

Looking ahead, investors will monitor Strategy's next moves and the broader bitcoin market's response to ongoing corporate accumulation. The company's aggressive strategy of using equity sales to fund bitcoin purchases remains a key narrative for the crypto space. Key levels to watch include BTC's ability to hold above $60,000 support, ETF inflow trends, and any shift in macro conditions that could alter risk appetite. Strategy's continued buying, combined with the halving supply shock and institutional adoption, suggests a structurally bullish backdrop, but traders should remain cautious of short-term volatility from profit-taking or regulatory headlines.