HomeNEWSStrategy Buys $26 Million Worth Of Bitcoin

Strategy Buys $26 Million Worth Of Bitcoin

Enterprise software firm acquires 245 BTC amid market volatility, bringing total holdings to 592,345 BTC as institutional adoption continues to accelerate.

Strategy has purchased an additional 245 Bitcoin for approximately $26 million, continuing its steady accumulation strategy despite recent market volatility triggered by geopolitical tensions.

According to an SEC filing on June 23, the company acquired Bitcoin at an average price of $105,856 per coin during the week ending June 22. The purchase brings Strategy’s total holdings to 592,345 BTC, with an aggregate cost basis of $41.87 billion at an average price of $70,681 per coin.

The acquisition was funded through Strategy’s at-the-market (ATM) equity offering program, selling 166,566 shares of STRK preferred stock for $17 million and 84,354 shares of STRF preferred stock for $8.7 million. The company reported a Bitcoin yield of 19.2% year-to-date, approaching its revised 25% target for 2025.

Strategy’s purchase comes as Bitcoin recovered from weekend lows of $98,000 following U.S. airstrikes on Iranian nuclear facilities. The company has maintained consistent accumulation through market fluctuations, marking its tenth consecutive week of Bitcoin purchases.

Strategy shares were down 1.55% in premarket trading as Bitcoin trades at $101,654, up 0.71% over the past 24 hours, while markets process broader geopolitical developments.

Vivek Sen
Vivek Sen
Vivek has been fascinated by Bitcoin since he discovered it in 2016. He also runs a Bitcoin marketing agency, Bitgrow Lab, and he used to work at a Bitcoin VC fund, Lightning Ventures. He loves growth, marketing, startups, and writing. He is an EU news reporter for Bitcoin Magazine.
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