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Strategy now holds 815,061 BTC after a $2.54 bn purchase, beating BlackRock’s iShares Bitcoin Trust and becoming the biggest corporate Bitcoin treasury.
Strategy announced a $2.54 billion Bitcoin purchase that lifted its holdings to 815,061 BTC, overtaking BlackRock’s iShares Bitcoin Trust as the world’s largest institutional Bitcoin holder [2]. The move gives Strategy roughly 4 % of all Bitcoin in circulation and cements its status as the biggest corporate treasury of the cryptocurrency.
| At a glance | |
|---|---|
| BTC holdings | 815,061 BTC |
| Purchase size | $2.54 bn (34,164 BTC) |
| Avg. price paid | $74,395 per BTC |
| Catalyst | Sale of STRC preferred stock and MSTR common shares |
Between April 13 and April 19, Strategy bought 34,164 BTC for $2.54 bn, an average of $74,395 per coin [2]. The bulk of the cash came from selling its 11.5 % dividend‑paying perpetual preferred stock (STRC), which raised about $2.18 bn, plus $366 m from a common‑stock issuance [2]. The acquisition pushed total holdings to 815,061 BTC, valued at roughly $61.6 bn at current prices, and represents the third‑largest Bitcoin buy in Strategy’s history [2].
Before the trade, BlackRock’s iShares Bitcoin Trust held 802,823 BTC, a lead it had maintained since Q2 2024 [2]. Strategy’s gain of roughly 12,000 BTC flipped the ranking, marking the first time a corporate treasury has out‑sized a flagship Bitcoin ETF. Strategy’s Bitcoin balance now accounts for about 76 % of all BTC owned by public companies, a share that has risen sharply as other firms curtailed purchases during Bitcoin’s six‑month slide [2]. The company’s cash reserve and a $1.25 bn Bitcoin monetization capacity together support up to $3.8 bn of dividend coverage—nearly 26 months of payouts—according to its executive chairman [1].
Strategy’s treasury remains unchanged at 847,363 BTC purchased for a combined $64.1 bn, averaging $75,651 per coin, with traders pricing Bitcoin around $60,018 at the time of reporting [1]. In June, the firm added a net 3,625 BTC after buying 3,657 BTC and selling 32 BTC earlier in the month [1]. The latest SEC filing also disclosed $1.15 bn raised from selling 12.67 m MSTR shares [1].
Strategy’s ascent underscores the concentration of institutional Bitcoin demand in a single corporate treasury. While the surge bolsters demand in the short term, the reliance on market‑cap thresholds and preferred‑stock financing introduces a potential flashpoint if Bitcoin’s price falls sharply.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 6, 2026 · How we report
MicroStrategy sold 3,588 Bitcoin for about $216 million, which accounts for roughly 17% of its $1.25 billion authorized sale limit.
The company is using Bitcoin sales to fund preferred dividend payments and to strengthen cash reserves, marking a shift from a pure accumulation strategy.
Following the announcement, MicroStrategy shares fell about 6% at the market open, and the stock has declined roughly 75% over the past year.
Common shareholders now face reduced Bitcoin exposure, added corporate financing risk, and potential future sales that could further dilute their leveraged upside.
Analysts say the sale has not yet triggered a wider sell‑off, but they expect continued pressure from excess leverage and possible further corporate Bitcoin disposals.