7 hours ago
Strategy’s latest Bitcoin purchases were made pursuing Strategy’s STRD, its 3rd Bitcoin-backed preferred stock, launching connected the Nasdaq connected June 11.
Michael Saylor’s Strategy, the world’s largest firm holder of Bitcoin, disclosed its latest BTC purchases made past week amid escalating geopolitical tensions successful the Middle East.
Strategy acquired 10,100 Bitcoin (BTC) for $1 cardinal during the week ending June 15, the institution officially announced connected June 16.
The purchases were made astatine an mean terms of $104,080 per coin, with Bitcoin dropping from $110,000 last Monday to an intraweek debased of $103,639 connected June 12, pursuing the quality that Israel had struck Iranian atomic facilities.
The latest haul was Strategy’s 2nd Bitcoin acquisition successful June, bringing its full holdings to 592,100 BTC, acquired for astir $41.8 cardinal astatine an mean terms of $70,666 per coin.
Strategy’s STRD debuted connected Nasdaq connected June 11
The announcement comes soon aft Strategy’s 3rd Bitcoin-backed preferred stock, STRD, began trading connected the Nasdaq connected June 11.
With STRD, Strategy plans to rise $250 million done an archetypal nationalist offering of a caller people of perpetual preferred banal to bargain much Bitcoin.
Source: Michael SaylorAs portion of the STRD raise, Strategy volition contented 2.5 cardinal shares of its 10% Series A Perpetual Stride Preferred Stock astatine $100 per share.
Magazine: Bitcoin $110K ‘bull trap’ concerns, James Wynn loses $25M BTC: Hodler’s Digest, June 1 – 7
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
English (US) 