Strategy Approaches 600,000 Bitcoin with $531.9 Million Acquisition

Strategy, previously MicroStrategy, is nearing the acquisition of 600,000 Bitcoin. The company purchased 4,980 Bitcoin between June 23 and June 29 at an average price of $106,801 each, totaling approximately $531.9 million. This brings its total holdings to 597,325 Bitcoin, acquired for about $42.4 billion.

Key Points

Strategy's shares (MSTR) increased by 4.7% to $402.07, reflecting investor confidence.
The current value of Strategy's Bitcoin holdings is approximately $64 billion.
Funding for acquisitions came from stock sales under various offerings.
Bitcoin yield from January 1 to June 29 was 19.7%, as noted by Benchmark analyst Mark Palmer.
Chairman Michael Saylor hinted at recent purchases on social media.
Recent Bitcoin purchases have varied; a smaller purchase of 245 Bitcoin occurred between June 16 and June 22.
Bitcoin price remains around $107,000, recovering 2.4% weekly.
Since August 2020, Strategy has consistently increased its Bitcoin reserves through stock and debt sales.

Analysts express concerns over potential risks if Bitcoin prices drop below the company's average buying price.