Strategy buys $100M of Bitcoin in June 8–14 window as Peter Schiff questions shareholder dilution
Strategy bought Bitcoin from June 8 to June 14 at an average price of $63,024, taking its total holdings to 846,842 BTC. Over the same period, the company sold 1.73 million MSTR shares through an at-the-market program to raise $209 million. It said the proceeds funded both the Bitcoin purchase and a $100 million increase to its USD Reserve. The reliance on equity issuance rather than Bitcoin or cash has fueled concerns about dilution for common shareholders.