Strategy kicks off the week with $110 million bitcoin buy

Two new companies also entered the bitcoin buying trend.

6/9/25 8:45AM

This morning, Strategy cofounder Michael Saylor posted that the company acquired 1,045 bitcoin for $110.2 million and now holds 582,000 bitcoin. Strategy was up 1.5% in early trading.

Meanwhile, bitcoin saw a rebound over the weekend, trading in the $107,500 range this morning. The corporate bitcoin buying spree also added two newcomers to the fray.

French company The Blockchain Group announced it was raising €300 million ($342.2 million) via an at-the-market program to buy more bitcoin. The company holds 1,471 bitcoin.

The program “is largely inspired by the U.S. practice of at-the-market programs,” the company said in a press release, adding that the goal is to “accelerate its bitcoin treasury strategy.” ATMs have been one approach Strategy has used accumulate bitcoin.

SilverBox Corp IV, a publicly listed SPAC, announced it has entered into a nonbinding letter of intent with Parataxis Holdings to “bring bitcoin-native capital platform to public markets,” according to a press release.

$1.2B

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Crypto liquidations reached $1.2 billion in the past 24 hours, according to CoinGlass data, as bitcoin continued its downward trajectory. Bitcoin suffered $458.24 million in liquidations, with the bulk of them — over $334 million — in long positions. Meanwhile, the second-biggest crypto, ethereum, saw the second-biggest figure for liquidations yesterday, with $278 million.

Bitcoin slipped as far as $103,856 early Friday morning, its lowest level since July, and is down 13% in the past seven days. The sell-off dragged the total crypto market cap down to $3.67 trillion, down 5.5%. Underscoring the market anxiety, CoinMarketCap’s fear and greed index is now at 28.

Bitcoin ETFs also suffered, registering $536 million in outflows on Thursday. The Ark 21 Shares Bitcoin ETF took the biggest hit, with $275.15 million in outflows. Since Monday, bitcoin ETFs have seen $864.5 million in outflows.

Maja Vujinovic, CEO and cofounder of digital assets at FG Nexus, told Sherwood News that bitcoin’s slump looks like a classic risk-off chain reaction.

“Credit jitters and trade tensions pushed money into gold at record highs while leveraged crypto longs were forced to unwind. Once the liquidations exhaust and policy fog clears, the same macro buyers chasing safety today are likely to hunt value in BTC again,” Vujinovic said.

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$15B

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The US government seized 127,271 bitcoin, worth $15 billion, in what it calls the Department of Justice’s “largest ever forfeiture action.”

The indictment against Chen Zhi, chairman of Cambodian conglomerate Prince Group, alleges that he engaged in wire fraud conspiracy using forced labor in Cambodia.

“Individuals held against their will in the compounds engaged in cryptocurrency investment fraud schemes, known as ‘pig butchering’ scams, that stole billions of dollars from victims in the United States and around the world. The defendant is at large,” according to a DOJ press release.

This is “exactly the kind of outcome the Strategic Bitcoin Reserve was designed to enable,” Zack Shapiro, managing partner at Rains Law and head of policy of the Bitcoin Policy Institute, said on X.

This significantly increases the size of the US’s strategic reserve, which held over 197,000 bitcoin before the seizure. As of today, Arkham Intelligence data shows it’s holding 324,780 bitcoin, worth over $37 billion.

Strategy kicks off the week with $110 million bitcoin buy

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