Strategy Bitcoin Holdings Soar with Massive $110M Purchase

Strategy, the business intelligence firm turned corporate Bitcoin accumulator, continues its aggressive buying strategy. In its latest move, the company announced a significant Strategy Bitcoin purchase, adding over a thousand coins to its already substantial treasury. This consistent accumulation strategy underpins the firm’s long-term view on the digital asset.

What Does This Strategy Bitcoin Purchase Entail?

According to a recent filing with the US Securities and Exchange Commission (SEC) on June 9, Strategy acquired 1,045 Bitcoin. This purchase came at a cost of $110.2 million, placing the average price per coin at approximately $105,426. This transaction highlights Strategy’s willingness to buy Bitcoin even as its price approaches previous peak levels.

Here’s a quick look at the details of this latest buy:

• Amount Acquired: 1,045 BTC
• Total Cost: $110.2 million
• Average Price per BTC: ~$105,426
• Source: US SEC Filing (June 9)

This purchase continues a pattern, marking the ninth consecutive week Strategy has added Bitcoin to its balance sheet. The move was somewhat anticipated after Strategy co-founder and executive chairman Michael Saylor Bitcoin-related hints on social media on June 8.

How Strategy BTC Holdings Are Growing

With this latest acquisition, Strategy’s total corporate Strategy BTC holdings have reached an impressive 582,000 Bitcoin. This makes Strategy the largest publicly traded corporate holder of Bitcoin globally by a significant margin.

Let’s look at the updated totals:

The firm has invested billions over several years to build this massive position, reflecting a strong conviction in Bitcoin’s future value.

The Funding Behind Michael Saylor Bitcoin Strategy

Strategy funds its continuous Bitcoin acquisitions through various means, primarily debt and equity offerings. This latest purchase follows the announcement of a significantly upsized stock offering.

Originally planned as a $250 million raise, Strategy quadrupled the offering size to $1 billion. The firm intends to use the net proceeds from this offering to fund further Bitcoin acquisitions and cover general corporate expenses. The offering involves issuing 11.76 million shares of 10.00% Series A Perpetual Stride Preferred Stock at $85 per share. After deducting expenses, Strategy expects to raise approximately $979 million.

Unlike some previous funding rounds, this preferred stock offering includes a 10% non-cumulative dividend, designed to attract institutional and professional investors looking for yield opportunities within Strategy’s structure.

Context: Bitcoin Investment Near All-Time Highs

This latest Bitcoin investment by Strategy occurs as the price of Bitcoin trades near its previous all-time high. At the time the original report was written, Bitcoin was trading around $107,640, just under 4% below its May peak of nearly $112,000 (as per CoinMarketCap data cited). Buying at these elevated levels underscores Strategy’s long-term conviction rather than attempting to time market dips.

Strategy Stock Offering Fuels Further Accumulation

The recent increase in the size of the Strategy stock offering from $250 million to $1 billion clearly signals the company’s intent to continue its aggressive Bitcoin accumulation strategy. By raising substantial capital through equity, Strategy ensures it has the funds available to capitalize on market opportunities and expand its Bitcoin treasury, solidifying its position as a major player in the corporate Bitcoin adoption landscape.

Summary

Strategy’s consistent and large-scale Strategy Bitcoin purchase activities continue to be a major narrative in the crypto market. The latest acquisition of 1,045 BTC for $110.2 million pushes their total holdings past 582,000 BTC, acquired at an average cost significantly below the current market price. Funded in part by a substantial $1 billion stock offering, Strategy, guided by Michael Saylor Bitcoin vision, remains committed to its Bitcoin investment strategy, even as prices test previous highs. This ongoing accumulation, fueled by strategic capital raises like the recent Strategy stock offering, reinforces the company’s bullish stance on Bitcoin and its role in corporate treasuries.