Strategy acquired bitcoins worth $110.2 million as the price trades near its all-time high.

According to documents submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, Strategy acquired 1045 bitcoins (BTC) at an average price of $105,426 per coin. The company currently owns 582,000 BTC, purchased for approximately $40.8 billion at an average price of about $70,086 per BTC.
The announcement followed a hint from co-founder and Executive Chairman of Strategy Michael Saylor on the purchase on June 8. The purchase marks the ninth consecutive week that Strategy has acquired bitcoins.
News of the latest purchase came as Bitcoin approaches its all-time high. According to CoinMarketCap, at the time of writing, Bitcoin was trading at $107,640, just 3.9% below the all-time high of $112,000 recorded in May.

The latest bitcoin acquisition followed Strategy's announcement of a stock offering for $1 billion, which is four times greater than the previous announcement of raising $250 million. The company plans to use the proceeds for additional bitcoin acquisitions and corporate expenses.
As part of the stock offering, 11.76 million shares of Series A Perpetual Stride Preferred Stock of Strategy will be issued with a coupon of 10.00% at a price of $85 per share. After deducting underwriting expenses and other contributions, the firm expects to raise about $979 million.

Unlike previous fundraising rounds, this offering provides non-cumulative dividends of 10%, aimed at attracting institutional and professional investors seeking income opportunities.

Strategy - formerly MicroStrategy - began accumulating bitcoins in August 2020 with an initial purchase of 21,454 BTC for $250 million. The firm now owns more than 2.75% of the total bitcoin supply.

The company's market capitalization is $104.6 billion, up from $1.2 billion reported in July 2020 before it began accumulating bitcoins. Its success story has inspired a long list of other companies to follow suit.
Among them is Metaplanet, dubbed the "Japanese MicroStrategy". It recently became the eighth largest corporate holder of bitcoins in the world, using the same method as Strategy.
Similarly, France-based The Blockchain Group added another 580 bitcoins to its treasury, leading to a 225% increase in its stock price after pivoting to accumulate BTC in November 2024. Earlier this month, Norwegian cryptocurrency exchange Norwegian Block Exchange saw its stock rise by more than 138% in a day after announcing its intention to buy and hold bitcoins.

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Interestingly, what will Saylor, Block Rock, "Metaplanet", and others do ... when they see that all the demand for Bitcoin is now only - "their personal game", where everyone else has hopelessly fallen behind and no longer participates in the creation (formation of demand) for BTC ... ??! Who will they try to sell such an asset that will no longer be strategically interesting to anyone but them ... ?!! 🙄