Strategy Acquires 1,587 BTC for $100 Million

In Crypto Regulations
June 16, 2026

Strategy Acquires 1,587 BTC for $100 Million

From June 8 to 14, Strategy acquired 1,587 BTC for $100 million at an average price of $63,024 per coin.

Following the transaction, the firm’s total reserves reached 846,842 BTC. The market value of the portfolio is estimated at $56.6 billion, equivalent to 4% of the total asset supply.

Screenshot 2026-06-15 162217
Source: BitcoinTreasuries.

The company used proceeds from the sale of its Class A shares to purchase the coins. Strategy sold shares worth $209 million. Under the current program, the firm still has the option to sell up to $25.75 billion in shares.

The company also increased its USD reserves from $1 billion to $1.1 billion.

Experts from Sygnum Bank highlighted risks associated with a strategy shift: previously, Strategy promised not to sell bitcoins, but now it may use them to secure payments. In their view, the value of the firm’s shares is directly linked to the long-term performance of the leading cryptocurrency.

Earlier, the company disclosed the sale of 32 BTC. This was Strategy’s first small sale in several years.

BitMine’s Crypto Reserves

BitMine Immersion Technologies increased its Ethereum reserves to 5.62 million ETH. The company currently controls 4.66% of the total market supply of the asset.

The total value of BitMine’s cryptocurrency assets and cash reached $10.4 billion. The firm has staked 4.7 million ETH through its own infrastructure MAVAN. The expected annual income from this activity is approximately $269 million.

The company also announced the listing of preferred shares on the New York Stock Exchange (NYSE). Trading under the ticker BMNP will begin on June 16. The $273.8 million raised from the offering will be used to expand operations and purchase cryptocurrency.

Earlier this month, Grayscale analysts described Strategy’s first bitcoin sale in a long time as a “stress test” of its financial model.

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Steven M. Crimmins is a cryptocurrency strategist and freelance writer who has followed the blockchain industry since Bitcoin’s early days. Known for his sharp analysis of altcoins and trading strategies, Steven provides Satoshi News Africa readers with market-focused content grounded in research. He is especially interested in how African traders are adopting crypto as an alternative to traditional markets. Steven is also a podcast host, where he discusses emerging technologies and investment trends.