Strategy adds 1,045 Bitcoin worth $110m, bringing total to 582,000 BTC
The post Strategy adds 1,045 Bitcoin worth $110m, bringing total to 582,000 BTC appeared on BitcoinEthereumNews.com.
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. The average purchase price was $105,426 per Bitcoin (BTC). With this move, the company’s total Bitcoin holdings now stand at 582,000 BTC, worth over $62 billion at current market prices. The acquisition, conducted between June 2 and June 8, was financed through proceeds from Strategy’s recent $1 billion preferred stock offering. 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. 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’s STRK and STRF preferred stock offerings, according to the filing. Consistent BTC accumulation This marks Strategy’s 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. 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’s market cap has soared from $1.2 billion in 2020 to $104.6 billion today. Its strategy aligns with a growing trend among public companies using Bitcoin as a strategic asset. 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. Other similar moves come from companies like Japan’s…
Filed under: News - @ June 9, 2025 11:25 pm