Michael Saylor’s Strategy is the largest Bitcoin corporate in the world. It revealed its most recent BTC purchases last week, amid the escalating geopolitical conflicts in the Middle East.
Strategy for acquiring 10,100 Bitcoins (BTCThe company announced that it had purchased the $1 billion worth of shares during the week ended June 15. announced The 16th of June is a day to celebrate.
These purchases averaged $104,080 for each coin. with Bitcoin dropping from $110,000 After the announcement that Israel struck Iranian nuclear sites, last Monday’s intraweek low was $103,639; this is a drop of almost $10,000.
Strategy acquired its second Bitcoin in June for an estimated $41.8 billion. The average coin price was $70,666.
On June 11, Strategy’s STRD was listed on Nasdaq.
This announcement follows shortly after Strategy’s third Bitcoin-backed prefer stock, STRD began trading on Nasdaq’s exchange on June 11th.
With STRD Strategy plans to raise $250 million Through an initial public offer of a perpetual preferred stock class, you can buy more Bitcoin.
The STRD will raise $100 million by issuing 2.5 millions shares of Series A Perpetual Stride 10% Preferred Stock.
Magazine: Bitcoin $110K ‘bull trap’ concerns, James Wynn loses $25M BTC: Hodler’s Digest, June 1 – 7
As new information becomes available, we will update this story.
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Source: cointelegraph.com
