Strategy acquired 1,550 Bitcoin for approximately $101 million during the week ended June 7. The purchase raised the company's total holdings to 845,256 BTC. It also increased its U.S. dollar reserves by $100 million to reach $1 billion.
The acquisition was funded through $181 million raised via sales of common stock under the firm's at-the-market equity program. Strategy disclosed the move in a Monday filing. This follows the company's sale of 32 Bitcoin last week, its first such transaction in four years. The latest purchase marks a resumption of net accumulation. Shareholders approved a shift to semi-monthly dividend payments for the Variable Rate Series A Perpetual Stretch Preferred Stock. The new schedule begins with a June 30 record date and a July 15 payment date. Bitcoin traded near $63,400 on Monday, up about 1.3 percent over the prior 24 hours.
