Bitcoin recovers following Truth Social's BTC ETF filing and Strategy's $1 billion purchase

Strategy disclosed in a Form 8‑K filed June 16 that it has purchased an additional 10,100 Bitcoin at a cost of approximately $1.05 billion, representing an average acquisition price of about $104,080 per bitcoin. Strategy has acquired 10,100 BTC for ~$1.05 billion at ~$104,080 per bitcoin and has achieved BTC Yield of 19.1% YTD 2025. As of 6/15/2025, we hodl 592,100 $BTC acquired for ~$41.84 billion at ~$70,666 per bitcoin. $MSTR $STRK $STRF $STRD https://t.co/BOs3GOaUva — Strategy (@Strategy) June 16, 2025 This latest investment raises Strategy’s total Bitcoin holdings to approximately 592,100 BTC, solidifying its standing as one of the largest corporate Bitcoin holders globally. The firm continues executing on its “buy and hold” strategy, fueled by proceeds from equity and debt financing, rather than using its at‑the‑market programs. Importantly, Strategy did not sell any stock or Bitcoin in the days surrounding the acquisition. Continued Confidence in Bitcoin’s Long-Term Value In the filing, Strategy’s management stresses its unwavering conviction in Bitcoin’s long-term value proposition, although they acknowledge the volatility and risks associated with such a concentrated treasury allocation. The filing explicitly warns that the absence of diversification heightens exposure to Bitcoin’s short-term price fluctuations: “The concentration of our assets in Bitcoin limits our ability to mitigate risk that could otherwise be achieved by holding a more diversified portfolio.” Strategy notes that this strategy “has not been tested over an extended period of time or under different market conditions.” Financing and Risk Factors The 8‑K also discloses that Strategy’s Bitcoin acquisitions are financed primarily through debt and equity, making the company dependent on favorable financing conditions to sustain its accumulation trajectory. Strategy also flags counterparty and custody risks, acknowledging that if custodians were to undergo insolvency, access to stored bitcoin might be impeded. This purchase follows a recent 10-for-1 stock split in August 2024, ensuring that per-share metrics in the Form 8‑K reflect adjusted, post-split figures. With Bitcoin hovering around $104k, Strategy’s entry is striking for its size and continued commitment amid a volatile macroeconomic environment. Michael Saylor Extends Hand to Pakistan’s Crypto Ambition This weekend, Michael Saylor, the executive chairman of Strategy, reportedly met with top Pakistani officials to explore how crypto could help reshape the country’s financial future. The talks, described by officials as a “landmark discussion,” brought Saylor together with Finance Minister Muhammad Aurangzeb and Minister of State for Crypto and Blockchain Bilal Bin Saqib . The agenda focused on how Bitcoin could be used in sovereign reserves and monetary policy. Meanwhile, Pakistan is accelerating efforts to become a digital asset leader in the Global South. “Pakistan aspires to lead the Global South in the development and adoption of digital assets, setting a benchmark for innovation, regulation, and inclusive growth in the digital economy,” said Aurangzeb, who also chairs the Pakistan Crypto Council.

After clearing a key procedural vote, the GENIUS Act faces a final decision in the Senate before moving to the House of Representatives.

The Tuesday notices will push the SEC's deadline to approve or disapprove of the ETFs to late July, though it could be delayed further at that time.