VC-Backed Crypto Projects Face High Failure Rates—Study Reveals 45% Have Collapsed
Strategy Expands Bitcoin Holdings by 705 BTC, Lifts Total BTC Stash to Over $60B
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James Van Straten
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By James Van Straten|Edited by Parikshit Mishra
Updated Jun 2, 2025, 12:27 p.m. Published Jun 2, 2025, 12:17 p.m.
- Strategy now has 580,955 BTC at an average price of $70,023 per bitcoin.
- The firm raised $74.6 million by selling its two preferred stock.
Strategy (MSTR) has expanded its bitcoin
holdings with the purchase of an additional 705 BTC for approximately $75 million, bringing the company’s total bitcoin holdings to 580,955 BTC.
This latest acquisition was made at an average price of $106,495 per bitcoin, which adjusts the company’s overall average purchase price to $70,023 per bitcoin.
STORY CONTINUES BELOW
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To fund this purchase, Strategy utilized a series of at-the-market (ATM) equity offerings, drawing from the perpetual preferred share classes STRK and STRF.
Between May 26 and June 1, the company raised capital by selling 353,511 shares of STRK preferred stock for $36.2 million and 374,968 shares of STRF preferred stock for $38.4 million.
At the current market price of $104,000 per bitcoin, the company’s total bitcoin holdings are now valued at roughly $60 billion, reinforcing its position as the largest corporate holder of bitcoin and underlining its continued commitment to bitcoin as a core treasury asset.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
