Strategy It has also purchased 245 Bitcoins worth approximately $26 Million, continuing to accumulate despite recent volatility on the market caused by geopolitical concerns.
According to an SEC filing During the week of June 22, the company purchased Bitcoin on June 23 at an average cost per coin of $105,856. This purchase increases Strategy’s holdings of Bitcoin to 592 345 BTC with a total cost basis of 41.87 billion dollars at an average of $70,006 per coin.
Purchase was funded via Strategy’s The company sold 166 566 shares of STRK preferential stock worth $17 Million and 84 354 shares of STRF for $8.7M. Bitcoin yield reaches 19.2% for the year to date, bringing it closer to its new 25% goal.
Strategy’s Bitcoin is now up from its weekend lows, which were $98,000 after U.S. strikes on Iranian nuclear sites. This is the tenth week in a row that the company has purchased Bitcoin.
Strategy Bitcoin, which is currently trading at $101,654, has risen by 0.71% during the past 24 hour. The markets are still processing geopolitical news.
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Source: bitcoinmagazine.com
