Strategy, a bitcoin treasury company, has acquired an additional 1,045 BTC for about US$110.2 million, according to an SEC filing on June 9, 2025.

The purchase took place between June 2 and June 8 at an average price of US$105,426 per bitcoin.

With this, Strategy now holds 582,000 BTC, valued at over US$62 billion based on current prices. This represents about 2.8% of bitcoin’s total supply.

The company’s total investment in bitcoin stands at US$40.8 billion, with an average purchase price of US$70,086 per bitcoin.

The company aims to raise a total of US$84 billion by 2027.

Co-founder and executive chairman Michael Saylor had hinted at the acquisition, reinforcing the company’s ongoing bitcoin accumulation strategy.

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🔗 Source: The Block

🧠 Food for thought

1️⃣ Corporate bitcoin hoarding creates new supply-demand dynamics

Corporate acquisition of bitcoin is outpacing new production, creating a shift in the market’s supply dynamics.

Public companies purchased over 196,000 BTC in 2025 alone, exceeding the yearly new bitcoin issuance of 164,250 BTC 1.

This trend has doubled corporate bitcoin holdings in just two months, with 61 public companies now controlling approximately 673,897 BTC, representing 3.2% of bitcoin’s total supply 2.

MicroStrategy’s aggressive purchasing approach exemplifies this trend, with their holdings representing roughly 2.8% of all bitcoin that will ever exist.

This corporate accumulation creates a supply shortage that alters bitcoin’s market dynamics, as institutions are generally holding for long-term strategic purposes rather than trading.

2️⃣ The evolution from dismissal to corporate treasury asset

Bitcoin’s transformation from experimental digital money to corporate treasury asset is a significant evolution in financial history.

In 2010, the first commercial bitcoin transaction valued 10,000 BTC at just two pizzas—those same coins would be worth over $1 billion at current prices 3.

The U.S. government, which seized significant bitcoin quantities through law enforcement actions, sold 30,000 BTC between June 2014 and November 2015 at an average price of $379 per coin, missing potential billions in appreciation 4.

Michael Saylor pioneered corporate bitcoin adoption in 2020 with MicroStrategy’s initial $250 million investment, creating a blueprint now followed by companies like Tesla and Block 56.

This shift from skepticism to strategic adoption demonstrates how bitcoin has evolved from a fringe technological experiment to a legitimate treasury reserve that now competes with traditional assets like short-term treasuries and cash equivalents.

3️⃣ Potential vulnerabilities in the corporate bitcoin movement

Despite the bullish accumulation trend, many corporate bitcoin treasuries face financial vulnerabilities to market downturns.

Standard Chartered analysis reveals approximately half of companies holding bitcoin could face financial strain if prices fall below $90,000, as many newer entrants purchased at higher average prices 72.

The risk of forced selling during market stress has increased as corporate holdings have grown, potentially creating a negative feedback loop where corporate liquidations could amplify market volatility 8.

The concentration of corporate purchases near local price peaks creates additional risk, as historical patterns show clustering of corporate acquisitions at relatively high prices compared to subsequent market cycles 9.

Recent Strategy developments

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