- MicroStrategy added 705 BTC via equity offerings, pushing its total to 580,955 BTC with a $40.68B cost basis and 16.9% YTD yield.
- BlackRock shifted 4,113 BTC from its IBIT ETF to Coinbase Prime, signaling a measured strategic move, not panic selling.
- Bitcoin’s hashrate surged 72% to a record 950M TH/s as prices neared $110K, reinforcing miner confidence and network strength.
MicroStrategy has added 705 BTC for $75.1 million, raising its total to 580,955 BTC as of June 1. The firm’s latest buy underscores continued capital deployment into Bitcoin through strategic equity offerings.
Saylor Expands BTC Holdings Through Preferred Stock
“Strategy has acquired 705 BTC for ~$75.1 million at ~$106,495 per bitcoin,” Michael Saylor stated in a June 2 update. The firm’s aggregate holdings now total 580,955 BTC, acquired at $70,023 per coin, with a $40.68 billion cost basis. This marks a 16.9% BTC yield year-to-date.
To fund the buy, MicroStrategy raised $74.6 million via STRK and STRF offerings, selling 728,479 shares in total. STRK has a $21B issuance cap, while STRF holds a $2.1B ceiling. A third preferred series, $STRD, launched this week, targeting institutional and select non-institutional investors.
Meanwhile, its $21B ATM MSTR program remains untouched. Notably, dividends of $2.00 (STRK) and $2.64 (STRF) will be paid on June 30. The company’s approach highlights controlled dilution and strategic capital return to preferred shareholders.
Long-Term Holders Begin To Unwind Positions
According to a report by Glassnode, 3–5 year holders dropped to 11.9% from a November high of 15.7%. Selling resumed in April, creating a supply overhang—though the current level remains well above the ~3% cycle low.
This mirrors prior cycles where aging coins reentered the market near key peaks. As of 2025, 1y 3y cohorts dominate realized cap, while short-term (<1m) holders remain below 2%, hinting at strong conviction amid elevated prices.
Bitcoin Hashrate Hits New ATH with Price Near $110K
BTC’s hashrate hit 950M TH/s—up 72% from mid-2024. Mining power tracked BTC’s rise from $55K to nearly $110K, marking a direct correlation between price growth and infrastructure expansion.
Despite brief pullbacks, the hashrate’s consistent growth suggests miner confidence and long-term bullishness remain intact.
BlackRock Moves 4,113 BTC to Coinbase Prime
Lookonchain revealed BlackRock moved 4,113 BTC ($429.4M) from its IBIT ETF to Coinbase—its first major outflow in over a month. Prior moves were smaller, suggesting this is a strategic repositioning, not panic selling.
The total documented ETF-linked transfers now stand at 3,919 BTC. All funds were routed to a single Coinbase Prime address, indicating deliberate execution.
Analysts Split: Breakout or Breakdown?
Market observers are divided. Some call for a rally toward $170K and major altcoin moves, while others warn BTC may test $90K, citing resistance near highs and lingering selling pressure.
While the trend remains up, traders await confirmation beyond $ 100 K. June 5 is now viewed as a potential volatility trigger.
