Strategy (MSTR) Stock Climbs 5% Following $100M Bitcoin Acquisition

Key Highlights

• Between June 8-14, Strategy purchased 1,587 BTC at approximately $63,024 per bitcoin, totaling ~$100M
• Company’s aggregate Bitcoin position now reaches 846,842 BTC, valued at roughly $56 billion
• MSTR generated $209M through selling approximately 1.73M shares via its at-the-market offering
• Company expanded its USD Reserve by $100M, bringing total reserves to $1.1 billion for dividend and debt coverage
• Cantor Fitzgerald maintained its Overweight rating on MSTR stock after the acquisition

Strategy (MSTR) has resumed its bitcoin accumulation strategy. During the period spanning June 8 through June 14, the company acquired 1,587 BTC for roughly $100 million, with an average purchase price of $63,024 per bitcoin.

Strategy Inc, MSTR

Pre-market trading saw MSTR shares surge approximately 5% after the disclosure, coinciding with bitcoin prices hovering above the $66,000 threshold.

This latest acquisition pushes Strategy’s cumulative bitcoin holdings to 846,842 BTC. Based on today’s market valuation, this portfolio represents approximately $56 billion in value, despite the company’s average acquisition cost of $75,656 per coin — translating to a cumulative investment of roughly $64 billion.

The figures reveal that Strategy currently faces an unrealized loss when compared against its average cost basis. Nevertheless, the firm maintains its position as the world’s largest corporate bitcoin holder, commanding approximately 4% of the cryptocurrency’s maximum supply cap.

The capital for this purchase originated from equity sales. Strategy generated $209 million throughout the same timeframe by offloading roughly 1.73 million MSTR shares through its at-the-market offering program, subsequently allocating $100 million toward bitcoin acquisition.

USD Reserve Expansion Strategy

Strategy also revealed it bolstered its USD Reserve by $100 million, elevating the total to $1.1 billion. This reserve fund was established in December 2025 with the explicit purpose of servicing preferred stock dividends and meeting debt interest obligations.

The simultaneous expansion of reserves while maintaining bitcoin accumulation demonstrates Strategy’s approach to balancing multiple objectives through equity issuance — avoiding bitcoin liquidation or cash depletion.

This development carries significance because mere weeks prior, on June 1, Strategy liquidated 32 bitcoin to finance preferred dividends. That modest sale triggered investor anxiety and sparked speculation about potential shifts in the company’s steadfast holding strategy.

Cantor Fitzgerald Maintains Bullish Stance

Cantor Fitzgerald acted promptly to stabilize market sentiment. The investment firm reaffirmed its Overweight rating on MSTR following this recent acquisition, arguing the purchase should alleviate concerns that the June 1 liquidation signaled a strategic pivot.

Cantor emphasized that this development underscores the increasing complexity of balancing treasury growth with liquidity requirements and capital commitments.

Meanwhile, Canaccord revised its MSTR price target downward to $163 from $224 after the June 1 sale, while maintaining its Buy rating. The firm characterized that previous sale as minimal and largely symbolic, yet the market response was decidedly negative.

MSTR shares currently trade at $123.97, reflecting a market capitalization of $43.6 billion. The stock exhibits a beta of 3.47 and has declined 67.6% year-over-year.

Strategy’s investor base also recently greenlit a modification to the dividend distribution schedule for its Variable Rate Series A Perpetual Stretch Preferred Stock, transitioning from monthly to semi-monthly disbursements. This measure received approval at the 2026 Annual Meeting of Stockholders.

Options trading surrounding MSTR has intensified, with 952,761 contracts changing hands recently — a substantial portion representing put options.

InvestingPro analysis indicates Strategy maintains a current ratio of 6.05, demonstrating that liquid assets substantially exceed near-term liabilities.

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