Strategy Buys Another 520 Bitcoin As Price Languishes

CryptoProwl

Mon, June 22, 2026 astatine 10:35 AM CDT 1 min read

Serial cryptocurrency acquirer Strategy (NASDAQ: $MSTR) purchased 520 Bitcoin implicit the past week arsenic the terms of the largest cryptocurrency continues to decline.   

Strategy, led by president Michael Saylor, paid a full of $35 cardinal U.S. for its latest Bitcoin acquisitions. 

The institution present owns 847,363 BTC worthy $54.79 cardinal U.S. Strategy remains the largest firm proprietor of Bitcoin successful the world. 

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In summation to its latest Bitcoin purchases, Strategy besides accrued its currency reserve by $300 cardinal U.S. to $1.40 cardinal U.S. 

The currency reserve is utilized to enactment the dividends paid connected Strategy's preferred banal (NASDAQ: $STRC), which is known arsenic "Stretch." 

In a connection posted connected societal media, Strategy said that it volition support replenishing the currency reserve to enactment the dividend, arsenic good arsenic the recognition prime of its stocks.  

Strategy has travel nether unit arsenic the terms of its preferred banal has fallen beneath its par worth of $100 U.S. to $88.59 U.S. per share. 

The preferred banal pays a dividend to shareholders doubly per month. And that dividend outgo presently yields 12.5%. Some analysts person questioned the dividend's sustainability. 

Strategy's main stock, ticker awesome "MSTR," has declined 69% successful the past 12 months to commercialized astatine $112.53 U.S. per share. 

Bitcoin's terms is trading $64,850 U.S. connected June 22. However, the terms of BTC had fallen arsenic debased arsenic $62,000 U.S. past week aft the Federal Reserve turned hawkish connected involvement rates.