average purchase price<\/a> was $105,426 per Bitcoin (BTC). With this move, the company\u2019s total Bitcoin holdings now stand at 582,000 BTC, worth over $62 billion at current market prices.<\/p>\nThe acquisition, conducted between June 2 and June 8, was financed through proceeds from Strategy\u2019s recent $1 billion preferred stock offering.\u00a0<\/p>\n
The company issued 11.76 million shares of its 10% Series A Perpetual Preferred Stock at $85 per share, aiming to raise capital for further Bitcoin purchases and general corporate expenses. Strategy expects to net $979 million after deducting underwriting and related costs.<\/p>\n
Notably, co-founder Michael Saylor did not sell any company stock to fund the $110 million Bitcoin purchase; the entire amount was raised through at-the-market sales of Strategy\u2019s STRK and STRF preferred stock offerings, according to the filing.<\/p>\n
<\/p>\n
Consistent BTC accumulation\u00a0<\/h2>\n
This marks Strategy\u2019s ninth straight week of Bitcoin accumulation. Co-founder Michael Saylor hinted at the latest buy in a June 8 post on social media, ahead of the official filing. Bitcoin was trading at around $107,640 on Monday, close to its all-time high of $112,000 recorded in May.<\/p>\n
The firm began its Bitcoin accumulation strategy in August 2020 with a $250 million investment and has since amassed 2.75% of all Bitcoin that will ever be mined. Strategy\u2019s market cap has soared from $1.2 billion in 2020 to $104.6 billion today.<\/p>\n
Its strategy aligns with a growing trend among public companies using Bitcoin as a strategic asset.\u00a0<\/p>\n
Interest from corporations in digital assets is increasing, with more and more public companies allocating Bitcoin to their balance sheets, according to a recent report from Binance.\u00a0<\/p>\n
Other similar moves come from companies like Japan\u2019s Metaplanet and France\u2019s The Blockchain Group, all of which have seen their stock prices surge after shifting to Bitcoin-centric treasury models.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin treasury firm Strategy has acquired another 1,045 BTC for roughly $110.2 million, according to a June 9 filing with the U.S. Securities and Exchange Commission.\u00a0 The average purchase price…<\/p>\n","protected":false},"author":1,"featured_media":2529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2528"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2528\/revisions"}],"predecessor-version":[{"id":2530,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2528\/revisions\/2530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2529"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}