Strategy Discloses 847,363 Bitcoin Worth $50.9 Billion, Signals More Buys
Updated
Updated · CoinDesk · Jun 28
Strategy Discloses 847,363 Bitcoin Worth $50.9 Billion, Signals More Buys
3 articles · Updated · CoinDesk · Jun 28
Summary
847,363 bitcoin valued at about $50.9 billion are now held by Strategy, Michael Saylor said on June 28, with an average purchase price of $75,653 across 113 buys.
Saylor posted the update with a StrategyTracker chart showing especially aggressive accumulation in 2024-25 and wrote, “We’re gonna need more charts,” signaling continued purchases.
That expansion plan comes as Strategy faces pressure over how it funds its bitcoin buying: MSTR fell 8% Thursday to $86 and was recently at $82.31, while preferred stock tied to the model hit a record low.
Brad Garlinghouse of Ripple said last week he remains bullish on bitcoin but argued Saylor’s financing approach has hurt the broader crypto market, even as Strategy is said to have roughly 10 months of dollar reserves for STRC dividends.