According to an official Strategy announcement, the company added 10,100 Bitcoins to the mountain last week. The move cost $1 billion at an average price of $104,080 per coin.
Bitcoin slid to a low of $103,550 on June 12, from $110,000 on June 9th to a low of $103,550 on June 12th, following news that Israel had hit Iran’s nuclear site. The strategy currently holds 592,100 BTC, which is purchased for around $41.8 billion, with an average of $70,666 each.
Bitcoin Holdings rising
The latest purchase is second in the June strategy. Based on the report, it brings total holdings to nearly 600,000 BTC. It is a huge stash on any scale. The company has spent more than $41 billion so far. I’ll treat the dip as an opportunity to buy more. The average cost per coin is well below the current market rate.
Priority Stock Offering
Strategy’s new STRD shares began trading on Nasdaq on June 11th. The move aims to raise $250 million in fresh cash. The company says it will issue 2.5 million shares of its 10% Series A permanent Stride Preferred Shares for $100 each. That cash should fund more Bitcoin purchases without tapping on cash reserves.
Gain goals and progress
Based on strategy data, Bitcoin yields for that year were 19.1%. This is up 2% from last Monday’s purchase of 1,045 BTC. The quarterly yield is 7.5%. The company raised its target from 15% to 25% by December 31, 2025.
Wide range of industry warnings
Saylor is busy with X and praises his peers. He congratulated Metaplanet on reaching 10,000 BTC. He mentioned CEO Simon Gerovich and director Dylan Leclair by name. At the same time, Vaneck’s Matthew Sigel warned that if the stock is traded near its net worth, the purchase of large corporate Bitcoin can dilute its value. Standard Chartered also flagged volatility risk in early June.
The road ahead
If Bitcoin climbs and holds six figures or more, the strategy buy-in approach can be rewarded. The Priority Stock Route offers dry powders for more purchases. However, a 10% dividend on STRD can weigh if inventory stalls.
Investors will focus on yield updates and changes in Bitcoin price fluctuations. For now, the strategy is betting on volatility as an opportunity to build one of the largest corporate Bitcoin Treasury in history.
Money Times featured images, TradingView charts
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