Strategy acquired 520 Bitcoin last week for approximately $34.9 million, marking its third consecutive weekly purchase and bringing its total holdings to 847,363 BTC, according to a filing disclosed Monday by the bitcoin-focused firm formerly known as MicroStrategy.
The company sold 2.7 million shares of common stock for $335.5 million to fund the Bitcoin acquisition, with the remainder allocated to cash reserves, raising the company’s dollar reserves to $1.4 billion, according to CoinDesk.
The latest purchase extends a streak of weekly Bitcoin acquisitions that began on June 8, when Strategy bought 1,550 BTC for approximately $101.3 million. The following week, on June 15, the company added 1,587 BTC for $100 million. These three consecutive weeks of buying underscore the aggressive accumulation strategy Strategy has maintained throughout 2026, even as the company faces headwinds from its preferred stock offering, STRC.
The boost to cash reserves is meant to reassure investors about dividend payments on STRC, which has traded below its $100 par value in recent weeks. Strategy’s preferred shares hit a record low below $83 on Thursday before recovering to $90.43 on Monday, according to CoinDesk. The company’s common stock, MSTR, was up 3.5% Monday as Bitcoin bounced near $65,000.
Strategy has become the dominant institutional Bitcoin buyer in 2026. According to reporting from CNBC, the share of Bitcoin purchases from treasury companies outside Strategy has declined to just 2%, down from 95% in October 2025. This concentration reflects Saylor’s stated goal of accumulating between 3% and 7% of Bitcoin’s 21 million total supply, a target the company is approaching as it now holds approximately 4% of all Bitcoin that will ever exist.
Sources
- CoinDesk — Strategy’s June 22 Bitcoin purchase details, cash reserve increase to $1.4 billion, and STRC stock performance
- CNBC — Market share data on institutional Bitcoin purchases in 2026
