Strategy Acquires Over 10,000 Bitcoin Amid Middle East Tensions


Strategy Acquires Over 10,000 Bitcoin Amid Middle East Tensions



Strategy, the top corporate holder of Bitcoin, has added 10,100 Bitcoin to its balance sheet at a cost of $1 billion. 

The purchase took place during a week of market volatility tied to escalating conflict in the Middle East, with Bitcoin dipping as low as $103,639 following reports of Israeli strikes on Iranian nuclear sites.

The average purchase price for the recent acquisition was $104,080 per coin. 

This marks the firm’s second Bitcoin acquisition in June, pushing total holdings to 592,100 Bitcoin with an aggregate cost basis of approximately $41.8 billion, averaging $70,666 per Bitcoin.

The announcement follows the Nasdaq debut of Strategy’s third Bitcoin-linked preferred stock, STRD. 

Through the sale of 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock at $100 apiece, Strategy aims to raise $250 million to fuel further Bitcoin purchases.

The company also reported an increase in its internal BTC yield metric, which rose to 19.1% year-to-date—up from 17.1% after its prior 1,045 Bitcoin purchase disclosed on June 9th. 

Quarter-to-date, the BTC yield stands at 7.4%. Strategy has set a year-end yield target of 25%, revised upward from a previous 15% goal announced earlier this year.





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