1,045 Bitcoins Bought — What Does Strategy Know?
The post 1,045 Bitcoins Bought — What Does Strategy Know? appeared on BitcoinEthereumNews.com.
According to documents filed with the Securities and Exchange Commission (SEC) on June 9, Strategy purchased bitcoin at an average price of $105,426 each. The company now holds 582,000 BTC in its reserves, acquired for a total of $40.79 billion at an average price of about $70,086 per Bitcoin. The purchase comes as no surprise — Strategy co-founder and executive chairman Michael Saylor had already hinted at the deal on June 8. He has turned bitcoin accumulation into a true art form. Bitcoin rushes to records again Strategy’s timing is, admittedly, pretty good. Bitcoin is trading at $107,750, less than 4% off the all-time high of $111,000 recorded in May. Is the company buying at the peak? Or does that peak only seem like a peak? The company’s aggressive approach echoes the sentiments of financial educator Robert Kiyosaki, best known for “Rich Dad Poor Dad.” Kiyosaki has been a vocal advocate for bitcoin as a hedge against inflation and frequently urges investors to consider digital assets as part of a strategic portfolio. His bullish stance on cryptocurrency aligns with Strategy’s relentless accumulation, highlighting a growing trend among influential financial thinkers and major corporations alike. Strategy clearly has no intention of stopping. The company recently announced a $1 billion stock offering — four times the originally announced $250 million. Where will the money go? That’s right — to buy more bitcoin and cover corporate expenses. An interesting detail: the company is issuing 11.76 million shares of Series A Perpetual Stride preferred stock at $85 each. These securities promise a non-cumulative dividend of 10% — an attractive option for institutional investors seeking yield. After deducting underwriting expenses, Strategy expects to net about $979 million. That’s a solid amount to further build its bitcoin position. Strategy demonstrates enviable consistency in its bitcoin accumulation.…
Filed under: News - @ June 9, 2025 7:28 pm