Strategy Acquires 1,045 Bitcoin for $110M in New Purchase

Strategy buys 1,045 BTC for $110.2M, bringing total holdings to 582,000 BTC worth $40.79B. The purchase follows a new $1B stock offering.

Strategy Expands Its Bitcoin Holdings Again

Strategy continues its aggressive Bitcoin accumulation as prices approach all-time highs. In its latest purchase, the company acquired 1,045 BTC for $110.2 million.

According to a June 9 SEC filing, Strategy bought Bitcoin at an average price of $105,426 per coin. The firm’s total Bitcoin holdings now stand at 582,000 BTC, valued at approximately $40.79 billion, with an average cost of $70,086 per BTC.

Ninth Straight Week of Bitcoin Purchases

Strategy co-founder and executive chairman Michael Saylor hinted at the acquisition on June 8. This marks the ninth consecutive week of Bitcoin accumulation by the firm.

The purchase comes as Bitcoin once again nears its all-time high. CoinMarketCap data shows Bitcoin trading at $107,640 at press time, just 3.9% below May’s record high of nearly $112,000.

Stock Offering Fuels Bitcoin Buying Spree

The acquisition follows Strategy’s recent $1 billion stock offering, which quadrupled its previous $250 million target. The firm plans to use proceeds for additional Bitcoin purchases and corporate operations.

The offering includes 11.76 million shares of Strategy’s 10.00% Series A Perpetual Stride Preferred Stock, priced at $85 per share. After underwriting and related expenses, Strategy expects to net around $979 million.

Dividend Structure Targets Institutional Investors

Unlike prior offerings, these preferred shares offer non-cumulative dividends of 10%. This structure aims to attract institutional and professional investors seeking yield opportunities.

Strategy remains the world’s largest public Bitcoin holder and continues expanding its reserves aggressively.