Catenaa, Wednesday, June 18, 2025-Bitcoin holding firm Strategy, formerly known as MicroStrategy, has added 10,100 BTC worth $1.05 billion to its reserves, lifting its total holdings to 592,100 BTC, according to a Monday filing with the U.S. Securities and Exchange Commission.
The purchases were made between June 9 and June 15 at an average price of $104,080 per bitcoin. Strategy now controls roughly 2.8% of bitcoin’s capped 21 million supply, valued at over $63 billion. The company’s average purchase price stands at $70,666 per bitcoin, implying unrealized gains exceeding $21 billion.
The acquisition was financed using proceeds from three separate perpetual preferred stock programs: Strike (STRK), Strife (STRF), and the newly launched Stride (STRD), which raised $1 billion via an IPO. STRD offers a 10% non-cumulative dividend, while STRK and STRF offer 8% and 10% annual dividends, respectively.
This latest move accelerates Strategy’s shift away from selling common stock toward preferred instruments under its expanded “42/42” capital plan, now targeting $84 billion in funding by 2027 for bitcoin purchases.
Concerns over corporate bitcoin concentration are intensifying. Analysts at Sygnum and Coinbase Institutional have flagged potential systemic risks if leverage continues unchecked. Still, Executive Chairman Michael Saylor insists Strategy’s financial structure can weather extended downturns, citing no major debt repayments before 2028.
The acquisition comes amid growing institutional adoption, with firms like Metaplanet, GameStop and Trump Media also building sizable bitcoin reserves.
