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Crypto News (June 9, 2025) – Why Strategy’s Bitcoin Play Is Riskier Than Ever—But Still Bullish
Crypto News (June 9, 2025) – Strategy, formerly known as MicroStrategy, has expanded its Bitcoin treasury once again, acquiring 1,045 BTC between June 2 and 8 for approximately $110 million, according to a filing with the U.S. Securities and Exchange Commission (SEC). With this latest purchase, the company’s total Bitcoin holdings now stand at 582,000 BTC, valued at around $62.7 billion at current prices, per CoinGecko data.
This marks the company’s fourth-smallest BTC acquisition in 2025, following a $75 million purchase last week, as recorded by Saylor Tracker, a tool monitoring Strategy’s crypto holdings. Despite smaller purchases, Strategy has consistently added to its reserves, announcing nine consecutive weeks of Bitcoin buys since mid-April, totaling about $5.1 billion in BTC investments.
Financing Bitcoin Buys Through Preferred Stock
To fund its aggressive Bitcoin strategy, Strategy raised $112 million through preferred stock sales. The firm secured $66.4 million from its Perpetual Strife Preferred Stock (STRF) and $45.8 million from its Perpetual Strike Preferred Stock (STRK).
Stock Price and Market Sentiment
Following the announcement, Strategy’s stock rose 2% in pre-market trading on Monday, reaching $382 per share, per Yahoo Finance. Still, its stock has declined 2.9% over the past month, amid investor concerns over stock dilution and rising competition.
Competitive Landscape and Market Risks
More than 226 entities now hold Bitcoin on their balance sheets—a 10% increase from the previous month—highlighting the expanding corporate interest in BTC, based on bitcointreasuries.net data. However, Strategy’s premium has narrowed due to its ongoing equity issuance strategy.
The Bitcoin market remains volatile, trading between $101,000 and $108,000 over the past week. Geopolitical tensions, particularly related to U.S. trade policy under President Donald Trump, continue to weigh on investor sentiment.
Executive Chairman Michael Saylor reinforced the firm’s commitment to Bitcoin, declaring on X, “Strategy is fully torqued Bitcoin,” positioning the company as the leading institutional HODLer in the crypto space.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
