Strategy (formerly MicroStrategy) continues its relentless Bitcoin buying spree, adding another 1,045 BTC to its holdings this week.
Another Week, More Bitcoin
This latest purchase brings their total Bitcoin holdings to a staggering 582,000 BTC, acquired at an average price of ~$70,086. This latest batch cost approximately $110.2 million, with an average price per Bitcoin of ~$105,426. Their year-to-date return on Bitcoin is a healthy 17.1% (as of June 8th, 2025). The company has now spent over $40 billion on Bitcoin and shows no signs of slowing down.
Instead of issuing new shares, Strategy used funds from its STRK and STRF stocks to finance these purchases. This strategy maintains a high Bitcoin-to-share ratio, significantly exceeding other companies in the sector.
Impact on the Market
The massive Bitcoin accumulation by corporations like Strategy is having a noticeable impact on market supply. Corporate treasuries now hold approximately 3.4 million BTC, reducing the amount available on open exchanges. This scarcity is further emphasized by dwindling inventories at over-the-counter desks and platforms like Coinbase Prime.
The Bigger Picture
Strategy’s actions are influencing other companies. While only a small number of public companies hold significant amounts of Bitcoin, the trend is growing. More and more firms are adding Bitcoin to their balance sheets, often publicizing their purchases to generate attention.
What it Means for Investors
Strategy’s drip-feed approach to buying Bitcoin aims to minimize market impact while maintaining a consistent presence. However, their high average purchase price presents a risk if Bitcoin’s price falls. High interest rates add another layer of complexity to this strategy. Despite these risks, the consistent buying activity reinforces a sense of scarcity and signals that major players aren’t looking to sell anytime soon.
