Crypto
Top Bitcoin News Today: Strategy Buys Another $100 Million in BTC
Strategy purchased 1,587 Bitcoin for approximately $100 million between June 8 and June 14.
27d ago 4,280
BLOCKINSIDERLoadingStrategy purchased 1,587 Bitcoin for approximately $100 million between June 8 and June 14.
Quick Take:
Bitcoin Advocate Michael Saylor’s Strategy has added more Bitcoin to its balance sheet. Recently, Saylor announced that the company purchased 1,587 BTC for approximately $100 million, pushing its total holdings to 846,842 BTC.
The purchase comes as Bitcoin recovers above $66,000, while eyeing an upward rally.
According to Saylor's press release, the latest Bitcoin purchase was completed between June 8 and June 14 at an average price of $63,024 per coin.
The acquisition cost approximately $100 million and increased Strategy's Bitcoin reserve to 846,842 BTC. At current market prices, those holdings are worth roughly $56 billion.
Hours before the announcement, he had posted his familiar "Another Orange Star" message, a phrase investors have come to associate with upcoming Bitcoin purchases.
However, the latest purchase was made at a price below Bitcoin's current market value. With BTC now trading around $66,000, the newly acquired coins are already sitting on unrealized gains.
While the Bitcoin purchase attracted most of the attention, Strategy also increased its cash reserve.
The company revealed that its USD Reserve grew by another $100 million, bringing the total reserve balance to $1.1 billion. The reserve is primarily used to cover preferred share dividends, debt obligations, and other corporate expenses.
This means that instead of converting every available dollar into Bitcoin, the company continues maintaining a sizeable cash position alongside its digital asset holdings. The move shows that the strategy is balancing aggressive Bitcoin accumulation with financial flexibility.
The latest acquisition strengthens Strategy's position as the world's largest publicly traded corporate Bitcoin holder. With 846,842 BTC now under management, the company controls roughly 4% of Bitcoin's maximum fixed supply of 21 million coins.
The holdings were accumulated at an average purchase price of approximately $75,656 per Bitcoin, representing a total investment of around $64 billion.
Despite Bitcoin's recent correction, Strategy has continued buying throughout 2025 and 2026, reflecting Michael Saylor's belief that Bitcoin remains the best long-term store of value.
The announcement came as Bitcoin continued recovering after the recent U.S.-Iran peace deal. Bitcoin jumped to the $66,000 level as buying activity across digital assets rallied.
Meanwhile, crypto analyst Ali Martinez noted that Bitcoin recently broke above an important resistance level at $64,360.
"If momentum holds, $67,630 could be next."
However, the breakout has strengthened short-term bullish sentiment, with traders now eyeing the $66,000 support zone level.
Another factor supporting the recent Bitcoin rebound is the return of institutional buying through spot Bitcoin ETFs.
On June 12, U.S. spot Bitcoin ETFs recorded approximately $86 million in net inflows, ending nearly a month of persistent outflows that had weighed heavily on market sentiment.
BlackRock's iShares Bitcoin Trust (IBIT) led the recovery with roughly $57 million in fresh inflows, accounting for the majority of new capital entering the market. Fidelity followed with around $18 million, while Bitwise added nearly $5.2 million.
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