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Strategy Expands Bitcoin Holdings to 592,345 BTC with $26 Million Purchase

The latest purchase is part of an 11-week buying streak funded by at-the-market preferred stock offerings.

Lukas Gojda / Shutterstock.com (Shutterstock)

Overview

  • Strategy acquired 245 additional Bitcoin in the week ending June 22 using $26 million raised from its STRK and STRF offerings.
  • The company’s total Bitcoin treasury, purchased at an average cost of $70,681 per coin, is now valued at about $60 billion.
  • Bitcoin’s price has fallen more than 5% over the past week to roughly $101,640 due to escalating tensions in the Middle East.
  • Strategy has invested over $6 billion in Bitcoin since mid-April through consecutive weekly purchases.
  • Other public firms like Japan’s Metaplanet and Brazil’s Méliuz S.A. have also increased their Bitcoin reserves in recent days.