Strategy buys an additional 1,587 BTC worth $100M, refuting rumors of short selling Bitcoin

Strategy reportedly purchased an additional 1,587 BTC in a deal worth approximately $100 million, further expanding its Bitcoin holdings and solidifying its position as the world's largest Bitcoin holder.

6/18/20262 min read

Bitcoin is gradually becoming a core asset for businesses.

For much of business history, companies typically used cash or short-term government bonds to manage their financial reserves. However, Strategy has chosen a completely different path by consistently shifting a significant portion of its balance sheet to Bitcoin.

Over the years, the company has evolved beyond simply being seen as a software business. Instead, Strategy is increasingly recognized by the market as a Bitcoin investment vehicle listed on the US stock exchange. Each additional BTC purchase not only increases the size of its holdings but also strengthens Strategy's image as a representative of long-term confidence in Bitcoin among global businesses.

Quantity purchased: 1,587 BTC
Total value: approximately US$100 million
Average purchase price: Approximately $63,000 USD/BTC
Funding sources: The acquisition is financed by a combination of operating cash flow and previously raised capital through convertible bonds and stock issuance.

With this addition, MicroStrategy now holds over 530,000 BTC, representing one of the largest corporate treasuries in the cryptocurrency space. The company has consistently pursued a “Bitcoin-first” strategy, treating the asset as its primary reserve rather than a speculative asset.

Each purchase brings with it a debate.

From Bitcoin Spot ETFs and traditional investment funds to listed companies, more and more institutions are viewing Bitcoin as an asset class that can hold value in their long-term portfolios. This creates a relatively stable source of demand, unlike previous cycles that relied heavily on speculative capital flows from individual investors.

Although 1,587 BTC represents only a small fraction of Bitcoin's total circulating supply, the continuous accumulation by large institutions is having a significant impact on market structure. Unlike short-term traders, Strategy has virtually no history of selling off its purchased Bitcoin. This means the BTC absorbed by the company will remain out of the market's circulating supply for a very long time. As a similar phenomenon is occurring with Bitcoin Spot ETFs, the actual supply available for trading is increasingly shrinking. This is one of the factors many analysts see as a long-term driver of Bitcoin's price.

Previously, most companies viewed Bitcoin as a highly volatile speculative asset. However, the increasing involvement of financial institutions, along with many countries and investment funds beginning to accumulate digital assets, is helping Bitcoin gradually come to be seen as a strategic reserve asset.

Assessment and Conclusion

For many traditional investors who are not yet willing to directly own crypto, Strategy stock becomes an approach to Bitcoin through the stock market. This helps the company act as a bridge between Wall Street capital flows and the digital asset market. The more Bitcoin the company accumulates, the clearer the link between Strategy's performance and BTC's performance becomes. This is also why each announcement of additional Bitcoin purchases by the company receives significant market attention.

Amidst the increasing exposure of ETFs, investment funds, and financial institutions to digital assets, Strategy continues to play a key role as one of the most active buyers in the market. And if the current accumulation trend continues, the growing amount of Bitcoin held by long-term institutions could continue to alter the supply and demand structure of the entire market in the coming years.

Disclaimer: The information presented in this article is the author's personal opinion in the field of cryptocurrencies. This is not financial or investment advice at all. Every investment decision should be based on careful consideration of your personal portfolio and risk tolerance. The opinion in the article does not represent the official position of the platform. We recommend that readers do their own research and consult experts before making any investment decisions.

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