Strategy has made headlines again by acquiring $110.2 million worth of Bitcoin, purchasing 1,045 coins at an average price of $105,426 each. This latest purchase, confirmed through a June 9 filing with the US Securities and Exchange Commission, follows a clear trend, as Strategy has now acquired Bitcoin for nine consecutive weeks.
Currently, the company boasts a total of 582,000 Bitcoin amassed at approximately $40.79 billion, averaging about $70,086 per coin. This aggressive investment comes as Bitcoin trades close to its all-time high, recently noted at $107,640, just 3.9% below the record level reached in May.
Michael Saylor, co-founder and executive chairman of Strategy, hinted at this investment just a day prior to the announcement. The timing aligns with a broader market excitement as Bitcoin nears its previous peaks.
In addition to its Bitcoin purchases, Strategy recently announced a $1 billion stock offering, which is a significant increase from its prior plan to raise $250 million. The new offering, consisting of 11.76 million shares at $85 each, aims to finance further Bitcoin acquisitions and other corporate expenses. Notably, this offering comes with non-cumulative dividends of 10%, appealing to institutional investors seeking income.
Currently, the company boasts a total of 582,000 Bitcoin amassed at approximately $40.79 billion, averaging about $70,086 per coin. This aggressive investment comes as Bitcoin trades close to its all-time high, recently noted at $107,640, just 3.9% below the record level reached in May.
Michael Saylor, co-founder and executive chairman of Strategy, hinted at this investment just a day prior to the announcement. The timing aligns with a broader market excitement as Bitcoin nears its previous peaks.
In addition to its Bitcoin purchases, Strategy recently announced a $1 billion stock offering, which is a significant increase from its prior plan to raise $250 million. The new offering, consisting of 11.76 million shares at $85 each, aims to finance further Bitcoin acquisitions and other corporate expenses. Notably, this offering comes with non-cumulative dividends of 10%, appealing to institutional investors seeking income.
