Strategy Acquires 10,100 Bitcoin Amid Middle Eastern Conflict
Strategy (MSTR) has once again acquired 10,100 Bitcoin (BTC) worth US$1 billion amidst the turmoil of the conflict between Israel and Iran. This move was made after the price of BTC dropped to US$104,080 on Monday (16/06).
This massive purchase occurred right after the third Bitcoin-based preferred stock of Strategy, namely STRD, officially listed on the Nasdaq exchange. Through STRD, Strategy aims to raise US$250 million by selling 2.5 million shares valued at US$100 each.
As of now, Strategy has a total holding of 592,100 BTC with an accumulated value of approximately US$41.8 billion. The average purchase price per coin is recorded at US$70,666, significantly below the current market price.
The yield of Bitcoin Strategy has increased to 19.1% since the beginning of the year, up 2% from the previous week. The annual yield target has also been revised upward to 25%, from the original 15%, in line with the company's optimism regarding the long-term potential of BTC.
*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*
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