Strategy Adds to Bitcoin Reserve for Third Consecutive Week @MichaelSaylor announced on June 22, 2026 that Strategy acquired 520 $BTC for approximately $35 million, marking the firm's third s
@MichaelSaylor announced on June 22, 2026 that Strategy acquired 520 $BTC for approximately $35 million, marking the firm's third straight weekly Bitcoin purchase and lifting its total holdings to 847,363 BTC.
The acquisition is a step down from the prior week's purchase of 1,587 BTC for $100 million, reflecting a more measured pace of accumulation. The firm has established itself as the largest corporate Bitcoin holder, using a mix of equity and credit instruments to expand holdings while managing associated obligations.
Alongside the Bitcoin purchase, Strategy increased its USD Reserve by $300 million to $1.4 billion to support the credit quality of its Digital Credit securities. The move points to a deliberate effort to balance aggressive Bitcoin accumulation with the liquidity needed to service its preferred stock commitments.
The company has built its position through a mix of debt issuance, equity sales, and capital raised through preferred share instruments, including $STRC.The company's average cost basis stands at $75,700 per coin, according to its latest SEC Form 8-K filing.
Ahead of the announcement, Saylor posted on X: "Looks better with more dots," a phrase his followers have come to recognize as a near-certain preview of acquisition news on Mondays.
Sources:BeInCrypto: MicroStrategy Buys 520 Bitcoin While Building $1.4 Billion Cash War ChestBitcoin.com News: Strategy Grabs 520 More Bitcoin for $35MCoinDesk: Strategy Purchases More Than $2 Billion of BTC
