Key Takeaways
- Strategy purchased 4,980 BTC, bringing total holdings to 597,325 BTC.
- Michael Saylor predicts bitcoin could reach $21 million in 21 years.
- Firm's bitcoin acquisition funded by stock and preferred share sales, with billions still available for future fundraising.
Strategy, previously known as MicroStrategy, has acquired an additional 4,980 bitcoin for approximately $531.9 million at an average price of $106,801 per bitcoin, according to an SEC filing covering purchases from June 23 to June 29.
This brings the firm’s total holdings to 597,325 BTC, valued at over $64 billion.
The purchases were funded through proceeds from the sale of its Class A common stock (MSTR), as well as perpetual preferred shares STRK and STRF.
For more on Strategy’s historical bitcoin holdings, see the MicroStrategy historical bitcoin holdings chart.
Michael Saylor, co-founder and executive chairman, stated the company’s cumulative average purchase price is $70,982 per bitcoin, with total acquisition costs of roughly $42.4 billion.
Saylor’s bold forecast
Saylor reiterated his bullish outlook, referencing his BTC Prague keynote and stating:
“In 21 years, you’ll wish you’d bought more.”
He predicted bitcoin could reach $21 million in value within 21 years.
Funding strategy and competition
Strategy funded these acquisitions through the sale of 1,354,500 MSTR shares ($519.5 million), 276,071 STRK shares ($28.9 million), and 284,225 STRF shares ($29.7 million).
The company still has billions in authorized but unissued shares for further fundraising.
Strategy’s market cap remains at a significant premium to its net bitcoin asset value, though analysts argue its leverage is manageable, given low debt levels and no repayments due until 2028.
