Strategy Inc. Tops 582,000 Bitcoin Holdings with Latest $110 Million Purchase
Corporate Bitcoin treasuries climbed 10 percent last month reflecting Strategy’s preferred share financing approach.
Overview
- Strategy Inc. acquired 1,045 Bitcoin between June 2 and June 8 for $110.2 million, raising its total to 582,000 tokens.
- At current trading around $107,500 per BTC the company’s holdings are worth approximately $62.5 billion.
- The purchase was funded through at-the-market sales of STRK and STRF preferred shares.
- This marks nine consecutive weeks of Bitcoin buying for Strategy which has spent about $5.1 billion since mid-April.
- Public companies holding Bitcoin treasuries rose 10 percent to 226 last month as firms follow Strategy’s model.