The post Strategy Buys 245 BTC Amid Market Dip, Total Hits 592K appeared on BitcoinEthereumNews.com.

Strategy acquires 245 BTC amid price dip, pushing total holdings to 592,345. Bitcoin drops below $99K; Strategy seizes opportunity with $26M investment. Rebranded Strategy uses stock sales, debt to fuel $41.87B Bitcoin strategy. Michael Saylor’s company, Strategy, has made headlines again with its continued investment in Bitcoin. In a recent filing with the U.S. Securities and Exchange Commission (SEC), Strategy disclosed that it bought 245 Bitcoins at about 26 million dollars at the end of the week ending June 22, 2025. The move comes amid heightened geopolitical tensions that are causing the price of Bitcoin to fluctuate drastically. BTC Drops Below $99K, Strategy Sees Buying Opportunity The average price that the company had paid per Bitcoin on this latest batch of Bitcoin was 105,856 dollars. It is observed that the value of Bitcoin decreased by approximately $108,900 on June 16 to slightly under $99,000 in the course of the week. Although there was a decline, Strategy was not worried about that because the fluctuation in the market was an opportunity to acquire more shares. Michael Saylor, the founder of Strategy, foreshadowed a big acquisition before this announcement. He said on a post on X (previously Twitter), Nothing can stop the orange, speculations rose on the possibility of a huge purchase. Nonetheless, the real number obtained, 245 BTC, was much less than other people expected. Only a few days prior, on June 16, Strategy had also announced the purchase of 10,100 Bitcoins during the period between June 9 and June 15. The larger purchase at preferred stock sale had an average price of $104,080 per coin amounting to approximately 1.05 billion dollars. Evidently, Strategy has been intensively investing in its Bitcoin supplies in June 2025. Through the new purchase, Strategy currently possesses a total of 592,345 Bitcoins. The approximate cost to…

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Filed under: News - @ June 23, 2025 8:27 pm