Strategy (NASDAQ:MSTR) has added another 1,045 Bitcoin (CRYPTO: BTC) to its holdings, spending approximately $110.2 million at an average price of $105,426 per coin, according to a Form 8-K filed with the U.S. SEC.
What Happened: Executive chairman Michael Saylor hinted at the move with a June 8 post on X, saying, "Send More Orange." Shortly after, the company disclosed its ninth consecutive week of BTC accumulation.
With this latest purchase, Strategy now holds a total of 582,000 BTC, bought at a cumulative cost of $40.79 billion, averaging $70,086 per coin.
The purchase was fully funded by the company’s ongoing at-the-market (ATM) equity programs, including the sale of 626,639 shares of MSTR common stock and 432,679 shares of its STRK preferred stock.
Another sale of shares from its preferred stock included 432,679 shares.
The combined offerings generated $112.2 million in net proceeds, indicating that the entire amount was allocated toward Bitcoin accumulation.
This comes on the heels of Strategy's previously announced $1 billion stock offering aimed at fueling further Bitcoin purchases and covering general corporate expenses.
Also Read: Bitcoin, Ethereum, XRP, Dogecoin Start The Week Green Ahead Of US-China Trade Talks
Why It Matters: While Strategy aggressively adds to its Bitcoin treasury, the broader institutional landscape paints a mixed picture.
Bitcoin spot ETFs logged a $47.8 million net outflow on June 6, per SoSoValue data, while Ethereum (CRYPTO: ETH) spot ETFs brought in $25.2 million.
According to CoinShares' Digital Assets Weekly Report, Bitcoin saw $224 million in net inflows in the first week of June, contributing to a seven-week total of $11 billion.
However, inflows appear to be slowing as investors await signals from the Federal Reserve.
Ethereum saw $296.4 million in net inflows, the highest demand since the presidential election.
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