Strategy, formerly MicroStrategy, has announced the completion of its tenth consecutive Bitcoin purchase for $1.05 billion, increasing its holdings to 592,100 BTC.
Tenth Bitcoin Purchase and Total Holdings
According to an official press release, Strategy acquired 10,100 BTC between June 9 and 15 at an average price of $104,080 per coin. As a result, the company's total holdings amount to 592,100 BTC, with an average purchase price of $70,666 and a total cost of $41.84 billion.
Strategy Stock Surges
Strategy's stock (MSTR) rose by nearly 2% in pre-market trading, eliciting positive reactions among investors. Over the past three months, MSTR has gained more than 30%, and nearly 150% over the past year.
Positive Returns from Recent Purchases
Saylortracker data confirms that all BTC purchases since early May have yielded unrealized gains. The latest purchase of 610,100 BTC at $104,080 has generated over $28 million in paper profit.
Strategy continues to actively accumulate Bitcoin, maintaining a positive trend in its stock and nearing a record of 12 consecutive weeks of purchases.
