$BTC
Strategy co-founder Michael Saylor posted the Bitcoin
$106,658
chart signaling an impending BTC purchase by the company, despite the ongoing conflict in the Middle East, which could rattle global financial markets when they open on Monday.
The company’s most recent Bitcoin buy occurred on June 9, with a relatively small purchase of 1,045 BTC, valued at approximately $110 million, bringing Strategy’s total holdings to 582,000 BTC.
Data from SaylorTracker shows that Strategy is up over 50% on its investment. This translates to over $20 billion in unrealized capital gains in fiat terms.
Saylor’s announcement of an imminent Bitcoin acquisition is another sign of investor confidence in BTC amid the Israel-Iran conflict and the looming uncertainty over global financial markets. Investors are watching to see how the financial system will react when markets open on Monday, following escalations by both countries over the weekend.