Strategy Buys 245 BTC for $26M Amid Geopolitical

Michael Saylor’s Strategy has acquired 245 Bitcoin for $26 million as market volatility increased due to escalating geopolitical tensions. The company disclosed the purchase in a U.S. SEC filing on June 23. According to the filing, Strategy bought BTC at an average price of $105,856 during the week ending June 22.

Despite the smaller scale, the buy aligns with Strategy’s ongoing accumulation model. It continues to build exposure even as prices retreat. The purchase followed Bitcoin’s drop from $108,900 to an intraweek low near $99,000.

Strategy’s current Bitcoin holdings now stand at 592,345 BTC. Its total cost basis is approximately $41.87 billion, with an average purchase price of $70,681 per coin. The acquisition was funded through an at-the-market equity offering program.

Saylor Stays the Course

Specifically, Strategy sold 166,566 STRK preferred shares for $17 million. It also issued 84,354 STRF preferred shares for $8.7 million. Together, these proceeds funded the $26 million Bitcoin buy.

The latest move keeps Strategy’s year-to-date BTC yield at 19.2%. That’s a marginal rise from the 19.19% yield recorded during its $1 billion BTC purchase on June 16. The firm aims to reach a revised YTD yield target of 25% by year-end 2025.

Previously, the company targeted a 15% yield but raised it on May 1. Although the current purchase is small, it reflects strategic timing during market dips. Some observers, however, questioned why the firm didn’t acquire more during the pullback.

Saylor’s approach remains consistent accumulate regardless of short-term price movement. In late 2024, he pledged to continue buying BTC at any price level. His philosophy rests on the belief that Bitcoin is the ultimate long-term store of value.

Notably, Saylor reiterated his bold forecast last Saturday. He predicted Bitcoin would reach $21 million in value within 21 years. Bitcoin prices recovered slightly after hitting weekend lows around $98,000. At the time of writing, BTC trades near $101,654, up 0.71% in 24 hours. 

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