Bitcoin Plunge: $75M BTC Buy

Strategy, the Bitcoin (BTC) proxy firm led by Michael Saylor, has made headlines again with its latest acquisition of the market’s leading cryptocurrency.

Key Details of the Acquisition

In a Monday filing with the US Securities and Exchange Commission (SEC), the company revealed that it purchased an additional **705** BTC between May 26 and June 1, bringing its total holdings to **580,955** coins.

Strategy Continues Bitcoin Buying Spree

This recent acquisition was made at an aggregate cost of **$75.1 million**, translating to approximately **$106,495** per Bitcoin. Overall, Strategy’s Bitcoin investments now amount to around **$40.68 billion**, averaging about **$70,023** for each token.

Impact on the Market

Following the announcement, Strategy’s stock, MSTR, rose **0.9%** to **$372.72**, while the broader market showed mixed results, with the S&P 500 and the tech-heavy Nasdaq Composite gaining **0.4%** and **0.7%**, respectively.

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Though the latest purchase is significant, it is not among the largest on record for the company, which has typically acquired thousands of Bitcoin in a single transaction. The smallest acquisition to date occurred in March, when MicroStrategy purchased just **130** tokens as the price of BTC remained below **$85,000**.

Bitcoin Price Movement

Strategy’s recent buying spree comes amid ongoing macroeconomic uncertainties that have affected cryptocurrency prices. Despite Bitcoin reaching a new all-time high of **$111,8000** last week, the cryptocurrency has retraced nearly **6%** from its record.

Arkham Tracks 97% Of Saylor’s Holdings

In a social media update on Sunday, Saylor hinted at the impending announcement, and on Monday, he shared details about the latest acquisition, stating that Strategy has achieved a Bitcoin yield of **16.9%** year-to-date as of June 1, 2025.

Estimating Strategy’s Holdings

However, according to blockchain analysis platform Arkham Intelligence, Strategy’s holdings may be even larger than reported, estimating them at nearly **625,000** BTC, valued at approximately **$59.92 billion**. This estimate includes **70,816** BTC identified by Arkham, which highlights the significant assets held by the company.

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Arkham noted that it has tracked **97%** of Saylor’s Bitcoin holdings, emphasizing that this is the first public acknowledgment of such substantial assets. They clarified that **87.5%** of Strategy’s reported holdings consist of Bitcoin, with a portion held in Fidelity Digital’s omnibus custody.

Previously, the firm identified about **107,000** BTC that were sent to Fidelity deposits, which are not listed under the Strategy entity due to Fidelity’s custody practices.

Significant Player in the Cryptocurrency Market

In total, more than **327,000** BTC are held by Saylor’s Bitcoin proxy firm in segregated custody within the Strategy entity, further solidifying the company’s position as a significant player in the cryptocurrency market.

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