Strategy, led by Michael Saylor, disclosed new Bitcoin purchases amid rising geopolitical tensions in the Middle East.
New Bitcoin Purchases
Strategy acquired 10,100 Bitcoins for $1 billion during the week ending June 15, officially announced on June 16.
The purchases were made at an average price of $104,080 per coin. Bitcoin dropped from $110,000 on Monday to an intraweek low of $103,639 on June 12 following reports of Israel targeting Iranian nuclear facilities.
STRD Listed on Nasdaq
The announcement follows closely after Strategy's third Bitcoin-backed stock, STRD, began trading on Nasdaq on June 11. The company aims to raise $250 million through an IPO of a new class of perpetual preferred stock to further invest in Bitcoin.
Company Financial Data and Plans
With the recent acquisitions, the total holdings now stand at 592,100 BTC, acquired for approximately $41.8 billion at an average price of $70,666 per coin. As part of the STRD offering, Strategy will issue 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock at $100 per share.
Overall, the company's strategy and market moves demonstrate confidence in Bitcoin's future and reaffirm its ambitions in the field.
