Strategy Sells $335.5M in MSTR Shares, Acquires 520 BTC at $67,068

TLDR:

• Strategy acquired 520 BTC at $67,068 avg, below its $75,651 overall cost basis
• 2.71M MSTR shares sold June 15–21 generated $335.5M in net proceeds
• Total bitcoin holdings now stand at 847,363 BTC worth $64.1B in cumulative cost
• USD Reserve reached $1.4B to cover preferred dividends and debt interest

Strategy Inc. disclosed a new 8-K filing on June 22, 2026, revealing fresh equity sales and bitcoin purchases. The company sold 2.71 million MSTR shares between June 15 and June 21, generating $335.5 million in net proceeds.

A portion of those proceeds funded the acquisition of 520 BTC at an average price of $67,068 per coin. The move brings Strategy’s total bitcoin holdings to 847,363 BTC, valued at a cumulative cost of $64.1 billion.

Strategy Converts ATM Proceeds Into Bitcoin

The share sales occurred through Strategy’s at-the-market offering program, a mechanism the company regularly uses to raise capital.

The 2,714,839 MSTR shares sold during the week generated $335.5 million in net proceeds after commissions. No preferred stock was sold during the same period across the STRF, STRC, STRK, or STRD programs.

Strategy deployed $34.9 million of those proceeds directly into bitcoin purchases. The 520 BTC were acquired at an average price of $67,068, inclusive of fees and expenses. That purchase price sits below the company’s overall average cost basis of $75,651 per bitcoin.

The company still has approximately $25.4 billion available under its MSTR stock offering program. That figure reflects remaining capacity across both the current offering and a $21 billion expansion announced in March 2026.

Proceeds from preferred stock programs remain untouched, with over $25.2 billion in combined issuance capacity still on the table.

The bitcoin purchases confirm that Strategy continues converting equity capital directly into digital asset reserves. The company’s acquisition pace has remained active throughout 2026 as it steadily grows its treasury position.

USD Reserve Climbs to $1.4 Billion

Alongside the Bitcoin update, Strategy reported that its USD Reserve reached $1.4 billion as of June 21. The company established this reserve in December 2025 as a designated liquidity buffer. It is intended to support dividend payments on preferred stock and interest on outstanding debt obligations.

The $1.4 billion figure includes expected cash proceeds from ATM share sales that had not yet settled by June 21. Strategy tracks this balance separately from its bitcoin holdings and considers it part of its broader capital management structure.

Strategy said it plans to replenish the reserve over time based on market conditions. The company frames the reserve as a tool for maintaining the credit quality of its Digital Credit securities. That approach ties equity capital markets activity directly to liability management.

The reserve balance reinforces Strategy’s multi-layered financial structure, which now combines a growing bitcoin treasury with a dedicated dollar liquidity cushion.

Both are funded through the same ATM equity issuance framework the company has used consistently throughout its bitcoin accumulation strategy.