Strategy Buys $34. 9M Bitcoin While Adding $300M To Cash Reserves - Blockzeit
Strategy acquired 520 Bitcoin for $34. 9 million over the past week, increasing its portfolio to 847,363 BTC. The company now controls 4. 23% of the premier crypto asset’s circulating supply. It also raised its. . .
Strategy acquired 520 Bitcoin for $34. 9 million over the past week, increasing its portfolio to 847,363 BTC. The company now controls 4. 23% of the premier crypto asset’s circulating supply. It also raised its cash reserves by $300 million to $1. 4 billion. Executive Chair Michael Saylor responded to criticisms over their company’s stock dilution amid their aggressive Bitcoin accumulation. Strategy (MSTR) continues its streak ofBitcoin(BTC) accumulation, demonstrating its commitment to the digital asset after asale of only 32 BTCcatalyzedFUD(Fear, Uncertainty, Doubt) in the entire crypto market early this month. Michael Saylor, the company’s Executive Chairman, believes there’s a vastly untapped global opportunity for Bitcoin. Strategy’s Bitcoin HoldingsThe company’sForm 8-K disclosureon Monday reveals that it acquired 520 BTC between June 15 and 21 for an aggregate purchase price of $34. 9 million. The transaction averaged $67,068 per BTC as the asset traded around the $67,200 to $62,200 range. The move raises Strategy’s total Bitcoin holdings to 847,363 BTC, accounting for roughly 4. 23% of the premier crypto asset’s 20. 05 million circulating supply. Blockzeit’sStrategy Bitcoin Trackerindicates it’s the company’s 114th Bitcoin purchase since August 2020. So far, Strategy has already allocated $64. 10 billion into its Bitcoin acquisitions, with an average purchase cost of $75,651 per BTC. Strategy’s Bitcoin HoldingsIncrease in Cash ReservesStrategy sourced the funding for its latest Bitcoin transactions from the proceeds of MSTR Class A Common Stock offerings within the same timeframe. The business intelligence solutions provider and largest Bitcoin-focused digital asset treasury (DAT) company raised $335. 5 million from the event. Most of the proceeds of the latest MSTR stock sales went to strengthening Strategy’s cash reserves. It increased the cash in its vaults to $1. 4 billion. The amount serves as a backup to ensure that Strategy can fulfill its financial obligations to investors during market stress without needing to sell its BTC holdings or other assets. To date, the business has $1. 7 billion in annual dividends payable to MSTR, STRC, STRD, STRK, and STRF shareholders. Strategy’s current cash on hand allows coverage of up to 9. 8 months of dividend payments. And if all that goes bust, it still has its Bitcoin to sell. Saylor Responds to CriticsSaylor recently urged the crypto community to prioritize unity in upholding Bitcoin’s core principles. Furthermore, he highlighted that there remains a vastly untapped global capital opportunity for Bitcoin adoption. “Bitcoiners agree on the 99% that matters,” Saylor tweeted during the weekend. “We shouldn’t let the 1% divide us while nearly all global capital has yet to enter Bitcoin’s monetary network. The opportunity is bigger than the argument. ”The Strategy chair’s call for unity comes amid criticisms over MSTR’s dilution and questions about the sustainability of its preferred stock schemes. Peter Schiff, founder of SchiffGold, claimed that the company has, for a third week in a row, sacrificed its common shareholders by selling MSTR at a discount to buy more BTC. “So for a third week in a row, Bitcoin per MSTR share went down,”said Schiff. “You destroyed value by effectively selling $1. 20 worth of Bitcoin to buy $1 worth of Bitcoin. ”For a third week in a row, you sacrificed MSTR common shareholders by selling stock at a discount to buy more Bitcoin. So for a third week in a row, Bitcoin per MSTR share went down. You destroyed value by effectively selling $1. 20 worth of Bitcoin to buy $1 worth of Bitcoin. — Peter Schiff (@PeterSchiff)June 22, 2026What’s your Reaction?+12+11+10+10+12+10+10Giancarlo PerlasGiancarlo is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations such as the Department of the Interior and Local Government (DILG), the National Economic and Development Authority (NEDA), Megaworld Corporation, and the China Banking Corporation in the Republic of the Philippines. In addition to his civic and corporate pursuits, his forward-thinking approach has led him to manage several prominent websites in the banking and finance sector, notably the Australia-based RateChoice, where he immersed himself in the world of emerging financial technologies and where he found particular interest in Bitcoin all the way back to 2013. Prior to his addition to Blockzeit’s dynamic team, he held an essential role as Project Manager for initiatives encompassing blockchain, tokenization, stablecoin, mining, special economic zone development, and iGaming. This noteworthy chapter in his career unfolded under the auspices of InPlan Consultancy Services, Inc. , the think-tank of IMPERO Consortium Management Corporation headquartered in Manila, Philippines, and Tokyo, Japan. InPlan, led by a distinguished retired Cabinet member of the Philippines, collaborates directly with IMPERO's core management team, contributing to strategic planning and business development endeavors.