Strategy (MSTR) Stock Up 5% as $100M Bitcoin Buy Ends Sell-Off Fears

TLDR

• Strategy bought 1,587 BTC for ~$100M at an average price of $63,024 per coin, June 8–14
• Total BTC holdings now stand at 846,842 BTC, worth ~$56 billion at current prices
• The company raised $209M by selling ~1.73M MSTR stock through its at-the-market program
• USD Reserve was increased by $100M to $1.1 billion to cover dividends and debt obligations
• Cantor Fitzgerald reiterated an Overweight rating on MSTR following the purchase

Strategy (MSTR) is back buying bitcoin. The company added 1,587 BTC between June 8 and June 14 for approximately $100 million, paying an average of $63,024 per coin.

Strategy Inc, MSTR

MSTR stock was up around 5% pre-market following the announcement, with bitcoin itself trading above $66,000 at the time.

The buy brings Strategy’s total holdings to 846,842 BTC. At current prices, that stash is worth roughly $56 billion, though the company paid an average of $75,656 per coin overall — a total outlay of around $64 billion.

That math means Strategy is currently sitting on a paper loss relative to its cost basis. But it remains the largest corporate holder of bitcoin, controlling around 4% of the total supply that will ever exist.

The funding came through equity. Strategy raised $209 million during the same week by selling roughly 1.73 million MSTR stock through its at-the-market program, then deployed $100 million of that into bitcoin.

Strategy Rebuilds Its USD Reserve

The company also disclosed it increased its USD Reserve by $100 million, bringing it to $1.1 billion. That reserve was set up in December 2025 specifically to cover dividends on preferred stock and interest on outstanding debt.

Growing the reserve while continuing to accumulate BTC signals that Strategy is managing both goals through stock issuance — without selling bitcoin or dipping into cash.

This matters because just weeks earlier, on June 1, Strategy sold 32 bitcoin to fund preferred dividends. That small sale rattled investors and raised questions about whether the company was stepping back from its buy-and-hold playbook.

Cantor Fitzgerald Reiterates Overweight

Cantor Fitzgerald moved quickly to reassure the market. The firm reiterated its Overweight rating on MSTR after the latest purchase, saying the buy should ease fears that the June 1 sale was a sign of a strategy shift.

Cantor noted the development shows the growing importance of managing treasury accumulation alongside liquidity and capital obligations.

Canaccord, for its part, lowered its price target on MSTR to $163 from $224 following the June 1 sale, though it kept a Buy rating. The firm described that earlier sale as small and symbolic, but the market reacted poorly regardless.

MSTR stock currently trades at $123.97 with a market cap of $43.6 billion. The stock carries a beta of 3.47 and is down 67.6% over the past year.

Strategy’s shareholders also recently approved a change to the dividend payment schedule for its Variable Rate Series A Perpetual Stretch Preferred Stock, moving from monthly to semi-monthly payments. That proposal passed at the 2026 Annual Meeting of Stockholders.

Options activity around MSTR has been elevated, with 952,761 contracts traded recently — a large portion of which were put options.

InvestingPro data shows Strategy holds a current ratio of 6.05, with liquid assets well above short-term obligations.

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