{"id":9901,"date":"2026-06-16T08:29:13","date_gmt":"2026-06-16T08:29:13","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=9901"},"modified":"2026-06-16T08:29:13","modified_gmt":"2026-06-16T08:29:13","slug":"strategy-buys-another-100m-in-bitcoin-as-btc-trades-below-cost-basis","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=9901","title":{"rendered":"Strategy Buys Another $100M in Bitcoin as BTC Trades Below Cost Basis"},"content":{"rendered":"

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  • Strategy acquired 1,587 Bitcoin for about US$100 million between June 8 and 15, raising total holdings to 846,842 BTC.<\/span><\/li>\n
  • The purchase, made at an average of US$63,024 per coin, sits below the firm\u2019s US$75,656 average cost basis.<\/span><\/li>\n
  • Strategy funded the buy by selling roughly US$209 million of MSTR stock, more than double the amount spent on Bitcoin.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Strategy (formerly MicroStrategy) added 1,587 Bitcoin (BTC) worth about US$100 million (AU$141 million) last week, lifting its total holdings to 846,842 BTC even as the cryptocurrency traded below the company\u2019s average purchase price, according to a securities filing.<\/p>\n

    The coins were bought between June 8 and 15 at an average of about US$63,024 (AU$88,860) each, well under the firm\u2019s blended cost basis of roughly US$75,656 (AU$106,700) per Bitcoin built up across years of purchases.\u00a0<\/p>\n

    With Bitcoin trading near US$66,216 (AU$93,365), the position remains underwater on a mark-to-market basis, with the holdings\u2019 value sitting several billion dollars below their cumulative purchase cost of around US$64 billion (AU$90.3 billion).<\/p>\n

    Related: Ripple\u2019s Garlinghouse Calls Out Jamie Dimon Over Crypto Clarity Act Criticism\u00a0<\/strong><\/p>\n

    Stock Sales Fund the Buy<\/h2>\n

    Strategy financed the acquisition by selling MSTR Class A common stock rather than tapping its preferred-share programs. The company sold roughly 1.73 million shares to raise about US$209 million (AU$295 million) \u2014 more than twice what it spent on Bitcoin over the same period.<\/p>\n

    That imbalance has drawn scrutiny, as the firm continues to issue equity at a faster pace than it converts the proceeds into Bitcoin, directing the remainder toward liquidity and its dividend-paying securities.<\/p>\n

    The purchase came just two weeks after Strategy sold Bitcoin for the first time in years, offloading about 32 BTC on June 1 in a move chairman Michael Saylor defended as necessary to support the company\u2019s income-paying securities programs.<\/p>\n

    \u201cStill adding dots,\u201d Saylor posted on June 15, referencing the company\u2019s running chart of purchases. With Bitcoin down sharply from its highs, the firm\u2019s average cost now sits above the market price, a reversal from the deep unrealised gains it carried through much of the prior rally.<\/p>\n

    Read more: Financial Advisors Pivot Beyond Bitcoin as Stablecoins and Tokenisation Take Center Stage<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Microstrategy#Strategy #Buys #100M #Bitcoin #BTC #Trades #Cost #Basis1781598553<\/p>\n","protected":false},"excerpt":{"rendered":"

    Strategy acquired 1,587 Bitcoin for about US$100 million between June 8 and 15, raising total holdings to 846,842 BTC. The purchase, made at an average of US$63,024 per coin, sits below the firm\u2019s US$75,656 average cost basis. Strategy funded the buy by selling roughly US$209 million of MSTR stock, more than double the amount spent<\/p>\n","protected":false},"author":1,"featured_media":9902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[233,4957,91,285,85,786,107,306],"class_list":["post-9901","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-100m","tag-basis","tag-bitcoin","tag-btc","tag-buys","tag-cost","tag-strategy","tag-trades"],"yoast_head":"\nStrategy Buys Another $100M in Bitcoin as BTC Trades Below Cost Basis - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=9901\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategy Buys Another $100M in Bitcoin as BTC Trades Below Cost Basis\" \/>\n<meta property=\"og:description\" content=\"Strategy acquired 1,587 Bitcoin for about US$100 million between June 8 and 15, raising total holdings to 846,842 BTC. 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