Bitcoin Revival: Billions Allocated for Cryptocurrency
Firing Up the Bitcoin Stash: MicroStrategy's Approach
Known in the business world as Strategy, MicroStrategy has been making headlines for its bullish bet on Bitcoin. Between June 9th and 16th, the company added 10,100 BTC to its Bitcoin treasure trove, forking over approximately $1.05 billion. This latest haul brings Strategy's total Bitcoin holdings to a whopping 592,100 BTC—valued at a jaw-dropping $63 billion at current prices.
Michael Saylor, co-founder and Executive Chairman of Strategy, shared that the average price per Bitcoin was around $104,080 during this acquisition spree. With total costs, including expenses, amounting to around $41.8 billion, this move has given Strategy a classroom-topping paper profit of more than $21 billion. This impressive stash represents approximately 2.8% of the maximum available Bitcoin supply of 21 million coins.
Clearly, Strategy's confidence in Bitcoin remains unshaken. But the question is—how did they manage to buy this quintessential digital gold?
Financing for these purchases was made possible through ATM sales of the company's perpetual preferred stocks, STRK (Strike) and STRF (Strife). Last week alone, Strategy sold 452,487 STRK shares, raking in around $45.2 million. And, 286,101 STRF shares were offloaded for $28.6 million. Though much of the STRK shares are still up for grabs under this program, around $20.6 billion worth is sitting pretty. As for STRF, slightly over $1.98 billion remains on the table. STRF is a preferred stock focused on delivering dividends without conversion rights, while STRK offers a lower dividend with the option to convert the shares into common stocks of Strategy (MSTR) in the future.
What's the Takeaway?
Strategy's Bitcoin strategy—acquiring Bitcoin through a blend of equity issuances and convertible securities—is a pledge of faith in the digital currency. With its aggressive moves in the Bitcoin market, investors continue to place their bets on Bitcoin itself.
Fun fact: Did you know that Strategy's Bitcoin treasury strategy has yielded an impressive 19.1% so far in 2025? Or that the company's stock price has been steadily creeping towards the $400 resistance level, driven by its relentless Bitcoin accumulation approach? These nuggets of insight wouldn't be out of place in a modern-day finance magazine. But who needs one when you've got your very own "paywall-free, bite-sized financial expert" right here?
P.S. Keep your eyes peeled for Strategy's latest development—the introduction of its STRD product, joining the ever-growing array of Bitcoin-related initiatives under its belt. Industry analysts are buzzing with excitement—could this be the next game-changer in the crypto universe? Time will tell. Tune in to find out! 🚀🚀🚀
Strategy's adequate financing for Bitcoin purchases was secured through the sale of its perpetual preferred stocks, STRK and STRF, generating approximately $73.8 million in a week. By employing a blend of equity issuances and convertible securities in its Bitcoin strategy, MicroStrategy signals a strong belief in the digital currency, encouraging other investors to invest in Bitcoin.
