STRATEGY BUYS $110M BITCOIN AMID MARKET OPTIMISM!
Strategy, formerly known as MicroStrategy, has acquired an additional 1,045 Bitcoin for approximately $110.2 million, bringing its total holdings to 582,000 BTC. This purchase was made at an average price of $105,426 per coin. The company's co-founder and executive chairman, Michael Saylor, hinted at the acquisition on June 8, and it's part of their ongoing accumulation strategy.
Key Details:
Total Holdings:582,000 BTC
Average Cost:$70,086 per coin
-Total Investment:Approximately $40.8 billion.
-Current Value:Around $62.8 billion, based on Bitcoin's current market price of $107,700
Market Impact:
- Bitcoin's price rose approximately 1.7% to $108,022 during the week of the latest purchase.
- Strategy's stock price increased about 2% in pre-market trading on Monday.
- The company's market capitalization stands at $104.6 billion, up from $1.2 billion in July 2020 before starting its Bitcoin accumulation .
Strategy's Plans:
- The company has announced a $1 billion stock offering to fund additional Bitcoin acquisitions and corporate expenses.
- This marks the ninth consecutive week of reported Bitcoin purchases by Strategy, with a total spend of around $5.1 billion since mid-April 2025 .#Tradersleague #MarketRebound #BinanceAlphaAlert #BTC $BTC