According to Strategyโs official announcement, the company added 10,100 Bitcoin to its pile last week. The move cost $1โฏbillion at an average price of $104,080 per coin.
Bitcoin slipped from $110,000 on Juneโฏ9 to a low of $103,550 on Juneโฏ12 after news of Israel striking Iranian nuclear sites. Strategy now holds 592,100โฏBTC, bought for about $41.8โฏbillion at an average of $70,666 each.
Rising Bitcoin Holdings
The latest buy is Strategyโs second in June. Based on reports, it brings total holdings to nearly 600,000โฏBTC. Thatโs a huge stash by any measure. The company has spent more than $41โฏbillion so far. It treats dips as chances to buy more. The average cost per coin remains well below current market rates.
Preferred Stock Offering
Strategyโs new STRD shares began trading on Nasdaq on Juneโฏ11. The move aims to raise $250โฏmillion in fresh cash. According to the company, it will issue 2.5โฏmillion shares of 10% SeriesโฏA Perpetual Stride Preferred Stock at $100 each. That cash should fund more Bitcoin buys without tapping its cash reserves.
Yield Targets And Progress
Based on Strategyโs data, its yearโtoโdate Bitcoin yield now stands at 19.1%. Thatโs up 2% from last Mondayโs 1,045โฏBTC purchase. Quarterโtoโdate yield sits at 7.5%. The firm has upped its goal from 15% to 25% by Decemberโฏ31,โฏ2025. Hitting that will need strong price gains over the next year and a half.
Broader Industry Warnings
Saylor has been busy on X, praising peers. He congratulated Metaplanet for reaching 10,000โฏBTC. He mentioned CEO SimonโฏGerovich and director DylanโฏLeClair by name. At the same time, MatthewโฏSigel of VanEck warned that big corporate Bitcoin buys can dilute value if a stock trades near net asset value. StandardโฏChartered also flagged volatility risks in early June.
The Road Ahead
Strategyโs buyโtheโdip approach could pay off if Bitcoin climbs and holds above six figures. The preferred stock route gives it dry powder for more buys. But the 10% dividends on STRD could weigh if gains stall.
Investors will keep an eye on yield updates and any shifts in Bitcoinโs price swing. For now, Strategy is betting on volatility as a chance to build one of the largest corporate Bitcoin treasuries in history.
Featured image from Money Times, chart from TradingView
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