Strategy’s latest Bitcoin purchases were made following Strategy’s STRD, its third Bitcoin-backed preferred stock, launching on the Nasdaq on June 11.
Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, disclosed its latest BTC purchases made last week amid escalating geopolitical tensions in the Middle East.
Strategy acquired 10,100 Bitcoin (BTC) for $1 billion during the week ending June 15, the company officially announced on June 16.
The purchases were made at an average price of $104,080 per coin, with Bitcoin dropping from $110,000 last Monday to an intraweek low of $103,639 on June 12, following the news that Israel had struck Iranian nuclear facilities.
Read more