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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.