Strategy buys another 520 Bitcoin! Total holdings surpass 847k coins, and USD reserves reach $1.4 billion

According to the latest documents from the U.S. Securities and Exchange Commission (SEC), Strategy, the world's largest corporate Bitcoin holder, submitted a report on the 22nd showing that the company spent approximately $34.9 million last week to purchase 520 Bitcoins. As of June 21, its total Bitcoin holdings had reached 847,363 coins. At the same time, the company's USD reserve balance had reached $1.4 billion, mainly used to support its preferred stock dividends and debt interest payments.
(Background: STRC preferred stock falls below face value: Strategy faces financing difficulties, Saylor hints at increasing Bitcoin holdings soon)
(Additional context: CryptoQuant analyst: If Strategy sells coins + STRC decouples, it faces a death spiral risk)

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• Investing nearly $35 million, total holdings approaching 850k coins
• ATM issuance for fundraising, supporting continuous buying strategy
• $1.4 billion reserve fund to safeguard against liquidity risks

The publicly traded company Strategy (MicroStrategy) continues to implement its relentless "Bitcoin buying flywheel" strategy. According to the latest Form 8-K filed with the SEC on June 22, 2026, Strategy again raised funds by selling company stock and fully invested the proceeds into the Bitcoin market. This routine report not only discloses the company's latest Bitcoin reserve level but also shows the size of its USD reserve pool established to hedge against market volatility, highlighting its attempt to manage liquidity risk through diversified financial tools while aggressively accumulating coins.

Investing nearly $35 million, total holdings approaching 850k coins

The document details that between June 15 and June 21, 2026, Strategy purchased 520 Bitcoins (BTC) for a total of about $34.9 million, with an average purchase price of approximately $67,068 per coin (including fees).

Following this round of accumulation, as of June 21, 2026, Strategy’s total Bitcoin holdings had surged to an astonishing 847,363 coins. Data shows that the total purchase cost of this massive reserve was about $64.1 billion, with an average holding cost per Bitcoin around $75,651.

ATM issuance for fundraising, supporting continuous buying strategy

As always, the funds for Strategy’s Bitcoin purchases mainly rely on its ATM (At-The-Market) stock issuance program. The report states that during the same period, the company sold a total of 2,714,839 shares of MSTR (Class A common stock). This amount is included in the previously announced $21 billion expansion quota at the end of March 2026.

Additionally, Strategy raised funds by issuing multiple series of perpetual preferred stocks (including STRF, STRC, STRK, and STRD). Although the report does not list all the specific issuance quantities, it indicates that some series have a notional value of about $850k. The net proceeds after deducting sales commissions serve as the company’s strongest backing for continued Bitcoin purchases.

$1.4 billion reserve fund to safeguard against liquidity risks

In addition to actively buying Bitcoin, Strategy also updated its financial safety net status in the document. To support its large-scale preferred stock dividends and debt interest payments, the company announced the establishment of a dedicated "USD Reserve" at the end of 2025.

As of June 21, 2026, this USD reserve balance had reached $1.4 billion (including unsettled expected cash from ATM sales). Strategy emphasizes that it will continue to replenish this reserve based on market conditions to maintain the creditworthiness of its digital credit-related securities. Meanwhile, to comply with disclosure regulations, the company has set up a dedicated dashboard on its website for investors to track Bitcoin purchase status and key performance indicators in real time.