• Strategy purchased 705 BTC for $75.1M between May 26 and June 1.
  • BTC was bought at an average price of $106,495 per coin.

Michael Saylor’s Strategy has purchased 705 more bitcoins for $75.1 million. The acquisition occurred between May 26 and June 1, as per an SEC filing published on June 2. The coins were bought at an average price of $106,495 each, during a week when Bitcoin dropped to an intraweek low of $103,400.

Despite volatile prices, Strategy now holds 580,955 BTC. The company’s total Bitcoin acquisition cost is about $40.7 billion. The average cost per coin stands at $70,023. This latest purchase raised Strategy’s year-to-date Bitcoin yield to 16.9%, up 0.1% from its prior 4,020 BTC acquisition . The firm now aims for a 25% YTD yield by year-end, revising its earlier 15% target on May 1.

To finance the purchase, Strategy used proceeds from its at-the-market (ATM) equity offerings. It raised $74.6 million by selling two preferred stock classes. The company issued 353,511 STRK shares worth $36.2 million and 374,968 STRF shares worth $38.4 million. 

Institutional Confidence in Bitcoin Grows

At the current market price of $104,165, Strategy’s Bitcoin holdings exceed $60 billion in value. The company remains the world’s largest institutional holder of Bitcoin. It has expanded its BTC treasury since adopting its Bitcoin strategy in 2020. Its aggressive stance continues despite market headwinds and recent price swings.

During the same week, Strategy director Jarrod Patten sold 3,750 MSTR shares for nearly $1.4 million. The transactions occurred between May 22 and May 29. Consequently, MSTR briefly dipped below $360 on May 28 and May 30. These insider sales applied downward pressure to the stock, even as the firm increased its BTC reserves.

Strategy’s latest acquisition came just days after Saylor’s keynote at the Bitcoin 2025 conference in Las Vegas. There, he outlined his “21 Ways to Wealth,” reinforcing his long-term conviction in Bitcoin. 

Corporate interest in Bitcoin is expected to continue surging in 2025. GameStop recently bought 4,710 BTC for $513 million. Semler Scientific added 455 BTC for $50 million. Total corporate holdings have now surpassed $100 billion.

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