According to Lookonchain, MicroStrategy (@Strategy) acquired an additional 705 BTC last week at an average price of $106,495, totaling $75.1 million. This latest accumulation brings MicroStrategy's total Bitcoin holdings to 580,955 BTC, valued at $60.5 billion with an average cost basis of $70,023 and an unrealized profit of $19.83 billion (source: Lookonchain via Twitter, June 2, 2025). The ongoing aggressive buying by MicroStrategy signals strong institutional confidence in Bitcoin, potentially supporting price stability and attracting further institutional inflows. Traders should monitor for potential volatility spikes, as large-scale purchases often influence short-term momentum and spot ETF flows in the cryptocurrency market.