Michael Saylor-led Strategy, formerly MicroStrategy, expanded its Bitcoin coffers with its most recent purchase. According to a Monday US Securities and Exchange (SEC) filing, Strategy scooped up 1,045 Bitcoin between June 2 and June 8 at an average price of $105,426 per coin. The Tysons, a Virginia-based firm, is the world’s largest corporate holder of Bitcoin, controlling 582,000 Bitcoin worth roughly $62.7 billion based on current prices. Strategy started accumulating Bitcoin in August 2020 with an initial purchase of 21,454 BTC for $250 million. It now owns the equivalent of 2.8% of Bitcoin’s total 21 million supply. Bitcoin was changing hands at $107,687 at press time, up about 1.9% over the past 24 hours, according to crypto market data provider CoinGecko. Last month, the apex crypto climbed to an all-time high of $111,000 before giving up those gains. Strategy’s total cache was purchased at an average price of $70,086 per Bitcoin for a total cost of around $40.8 billion, including fees and expenses. Strategy’s most recent Bitcoin acquisition was financed with proceeds from at-the-market sales of its perpetual Strike preferred stock, STRK, and perpetual Strife preferred stock, STRF. The company raised $66.4 million and $45.8 million by selling STRF and STRK, respectively. “Strategy is fully torqued Bitcoin,” Strategy co-founder and executive chairman Michael Saylor posited Friday on X, highlighting the Bitcoin Treasury company’s comparatively impressive performance compared to Tesla, Bitcoin, Meta, and gold, among other companies and assets over the past year. The company’s market capitalization stands at $102.3 billion, up from the $1.2 billion reported in July 2020 before kicking off its Bitcoin accumulation spree. Its success story has inspired a long list of other publicly traded companies to follow suit. With Trump Media and Gamestop recently joining the likes of Metaplanet (nicknamed “Japan’s MicroStrategy”) and Semler Scientific in adopting Saylor’s Bitcoin playbook and building their own BTC treasuries.
Bitcoin is on the verge of breaking its all-time high, fueled by a massive $54.5 million leveraged long position and positive market sentiment driven by US-China trade talks. A newly
Chainlink LINK, the oracle network that helps bridging blockchain networks with external data, experienced significant price volatility in recent trading, recovering from a sharp 14.4% correction after finding strong support at $13.58. The recovery gained momentum through consecutive higher lows, potentially pointing to accumulation at lower levels. However, bitcoin's BTC performance will likely dictate the next major move for altcoins such as LINK. LINK rose 1.4% over the past 24 hours in line with the price action of the broader digital asset market. The crypto market benchmark CoinDesk 20 Index was up 1.1%. Technical Indicators Point to Continued Strength: LINK experienced a sharp 14.4% correction from $13.972 to $13.557, followed by a strong recovery with high-volume support at $13.582. Notable resistance emerged at $13.960-13.970, where selling pressure intensified twice during the trading session. At 10:00 UTC, price action marked a decisive breakout with the highest volume of the period (1,061,645 LINK). A new trading range established between $13.800-13.950, indicating potential continuation of the uptrend if volume remains supportive. V-shaped recovery pattern formed with strong buying at the $13.785-13.790 support zone. The $13.830-13.840 range now establishes itself as a potential new support zone for continued upward movement. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .
Strategy has added 1,045 more BTC to its already massive treasury. This news comes from a recent U.S. Securities and Exchange Commission filing. With this latest purchase, the Nasdaq-listed firm continues to lead the charge among public companies embracing Bitcoin as a long-term asset. Strategy Nearly Holds 3% of Bitcoin Fixed Supply As shared in an X post, Strategy bought 1,045 BTC for $110.2 million between June 2 and 8 at an average price of $105,426. This brings its total holdings to 582,000 BTC, worth over $62 billion. The company has spent $40.8 billion overall, with an average cost of $70,086 per coin. The company now has about $21 billion in unrealized gains and owns almost 3% of Bitcoin’s total supply . Strategy keeps buying Bitcoin regularly. Just before the latest purchase, it bought 705 BTC for $75.1 million between May 26 and June 1, at an average price of $106,495. Chairman Michael Saylor has also hinted at further Bitcoin buys . Strategy Funds Bitcoin Latest Buy With Preferred Stock Strategy paid for its recent Bitcoin buys by selling two types of preferred stock: STRK and STRF. Last week, it sold 626,639 STRK shares for $66.4 million and 432,679 STRF shares for $45.8 million. The company still has $20.6 billion worth of STRK and $2 billion of STRF left to sell. It did not sell any of its regular MSTR shares last week, though $18.6 billion is still available under that plan. Strategy’s preferred stock programs are part of a larger blueprint it calls the “42/42” plan. This plan aims to raise $84 billion by 2027 to buy more Bitcoin. This plan initially started as “21/21,” with a $42 billion goal, but was doubled later. Last week, Strategy also launched a new stock, STRD , which pays a 10% yearly dividend. STRD is non-convertible and non-cumulative. In contrast, STRK is a convertible stock with an 8% fixed annual dividend, while STRF is non-convertible and offers a 10% cumulative dividend. A Trend Other Companies Are Following Strategy is not alone in building a bitcoin treasury. A total of 144 companies have adopted this model, with 114 of them publicly traded. Newer entrants include Tether-backed Twenty One, Trump Media, GameStop, and Basel Medical group , joining earlier adopters like Metaplanet and Semler Scientific. Analysts at Bernstein believe these companies, led by Strategy, could collectively add $330 billion in Bitcoin over the next five years. They see a more crypto-friendly U.S. government as a potential driver of this trend. Despite some investor concerns, the Strategy is doing well. Its market cap is $102.4 billion, and it has low debt with no big payments due until 2028. MSTR stock rose 1.5% on Friday to $374.47 and was up 2.3% Monday morning. The post Strategy Buys Bitcoin Worth $110M, Pushes Holdings to 582,000 BTC appeared first on TheCoinrise.com .
The South Korean cryptocurrency market continues to influence global trends, with Bitcoin World’s K-Community data revealing the most searched and discussed tokens from May 29 to June 4. While XRP
Analysts say Bitcoin could break its all-time high within 1–2 weeks, following breakout patterns seen recently in gold and the S&P 500.
Belgravia Hartford Capital has made a significant move by integrating Bitcoin into its treasury strategy, signaling a growing trend among institutional investors embracing digital assets. The Toronto-based firm acquired nearly
A well-known cryptocurrency attorney and XRP advocate, John Deaton, is urging investors to stay bullish on Bitcoin even as it hovers near $106,000. He’s put about 80% of his net worth into BTC at an average price below $25,000. Rather than fret over today’s high sticker, he says the odds favor more gains ahead than losses. Related Reading: Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding? Deaton’s Big Bet According to Deaton, buying at six figures isn’t too late. He calls today’s price range “more asymmetrical,” meaning the upside is greater than the downside. He’s put 80% of his wealth into Bitcoin. His average entry cost was less than $25,000. Still, he sees room to run even from around $106,000. Macro Concerns Drive Interest Based on reports, Deaton worries about soaring national debt in the US and fresh tariffs from US President Donald Trump’s time in office. He flags endless money printing by central banks as a red flag. I’m not in favor of telling people living paycheck to paycheck (me until 15 years ago) to take out a mortgage on their primary home to buy Bitcoin (I’m not suggesting that that’s what David is recommending either), but I am in the process of selling real estate, and although my… https://t.co/JMB1zgeazW — John E Deaton (@JohnEDeaton1) June 8, 2025 He says all these moves are chipping away at trust in fiat cash. With only 21 million BTC ever to be mined, Bitcoin can’t be inflated away. That fixed supply, he argues, makes it a solid hedge against a shaky dollar. Corporate And State Adoption Institutional demand is also on the rise. MicroStrategy—now called Strategy—holds more than 200,000 BTC, worth tens of billions of dollars. And in the last seven days, 16 companies have added Bitcoin to their balance sheets. On the government side, Rep. Tim Burchett introduced a bill to turn a Trump executive order into law, creating a US Strategic Bitcoin Reserve. Countries like Pakistan, Ukraine, and Ireland are weighing similar steps. They want to see if holding Bitcoin could protect their foreign exchange plans. Skeptics Voice Worries Not everyone agrees with Deaton’s rosy outlook. Economist Peter Schiff, a gold advocate, says Bitcoin has no real value and is too wild to be a safe haven. He tweeted that today’s rally is just hype. Deaton doesn’t shy away from such criticism. He admits he has “confirmation and wealth-preservation bias.” He still insists Bitcoin is the best store of value during today’s economic storms. Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says Deaton warns against buying with money you can’t afford to lose. He tells people living paycheck-to-paycheck not to risk their homes or take out loans just to buy crypto. His basic message is simple: look past daily price swings and ask where the world’s money is headed. If you share his concerns about the dollar and believe institutions will keep piling in, his bet on Bitcoin could pay off. But anyone on the sidelines should be ready for big swings and should only invest what they can handle. Featured image from Pexels, chart from TradingView
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