MicroStrategy Purchases 17,994 BTC for $1.28 Billion, Raising Total Holdings to 738,731 BTC
Between June 2 and 8, MicroStrategy acquired nearly 18,000 BTC at an average of $70,946 each, funded through sales of Class A common and preferred stock, marking a significant expansion of its Bitcoin holdings.
BTC
Fact Check
The claim is highly consistent with recent official SEC filings and widespread financial reporting. Strategy Inc. (formerly MicroStrategy) has an established 'at-the-market' program for its STRC preferred shares specifically designed to fund Bitcoin acquisitions. Multiple sources (TradingView, BlockBeats, MEXC) report the $300 million figure as the next expected milestone, tied to an SEC filing scheduled for March 9, 2026. While the exact $300 million may be a projection of recent trading activity, the intent and mechanism are verified by the company's March 2, 2026, filing which showed a similar $237 million raise.
Summary
MicroStrategy acquired 17,994 BTC for approximately $1.28 billion at an average price of $70,946 per BTC between June 2 and 8, increasing its total Bitcoin holdings to 738,731 BTC. The purchase was financed through proceeds from the sale of Class A common and preferred stock, reflecting the company’s continued commitment to expanding its digital asset portfolio.
Terms & Concepts
- Bitcoin: A decentralized digital currency serving as a store of value and investment asset.