Strategy Adds 705 Bitcoin via Preferred Stock Proceeds, Valuation Nears $60 Billion
Strategy Inc. (MSTR) has once again deepened its commitment to Bitcoin, purchasing an additional 705 BTC for $75 million, according to a corporate filing. The move lifts its total bitcoin holdings to 580,955 BTC, further solidifying its lead among publicly traded companies with crypto exposure.
The acquisition was financed through the sale of perpetual preferred shares, leveraging its STRK and STRF classes. Over the span of a week—from May 26 to June 1—the firm raised $74.6 million by issuing 353,511 STRK shares and 374,968 STRF shares.
The average purchase price for this latest tranche was $106,495 per BTC, slightly above current market levels. Overall, Strategy’s blended average cost basis now stands at $70,023 per bitcoin.
With bitcoin trading near $104,000, Strategy’s bitcoin reserves are valued at nearly $60 billion. The company’s continued accumulation strategy highlights its belief in Bitcoin’s long-term potential as a reserve asset amid evolving macroeconomic conditions.
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