#MetaplanetBTCPurchase $BTC The acquisition of one billion dollars in bitcoin by Strategy boosts its holdings to 592,100 BTC, consolidating its position as the largest institutional holder and an unstoppable force in crypto.

Strategy Unleashes a Purchase of 10,100 BTC, Elevating its Holdings to a Colossal 592,100 BTC

The software intelligence firm Microstrategy (Nasdaq: MSTR), which has rebranded as Strategy, announced on June 16 that it has acquired an additional 10,100 bitcoins between June 9 and June 15, using proceeds from recent preferred stock offerings.

According to the company's filing with the U.S. Securities and Exchange Commission (SEC), the total purchase amounted to approximately $1.051 billion at an average price of $104,080 per bitcoin, including fees and expenses. This latest acquisition raises Strategy's total bitcoin holdings to 592,100 BTC, acquired at an aggregate purchase price of $41.84 billion, or an average price of $70,666 per coin. Michael Saylor, executive chairman and co-founder of Strategy, emphasized the company's ongoing bitcoin strategy on the social media platform X.