Strategy Buys 10,100 Bitcoin for $1 Billion Amid Market Pressure

Strategy, led by Michael Saylor, has added another 10,100 Bitcoin to its treasury, investing $1 billion during the week ending June 15. The purchase comes as geopolitical pressure mounts following reported strikes on Iranian nuclear facilities by Israel, sending Bitcoin’s price down to a weekly low of $103,639.

Good to know

• Strategy now holds 592,100 BTC acquired at an average price of $70,666.
• The $1 billion buy was made as Bitcoin dipped following Middle East tensions.
• The STRD preferred stock launched on Nasdaq on June 11.

The latest acquisition by Strategy was confirmed on June 16. The firm bought 10,100 BTC at an average of $104,080 per coin. The dip in price—triggered by concerns around rising conflict in the Middle East—provided a window for another large-scale purchase.

This move brings Strategy’s total Bitcoin holdings to 592,100 BTC, now valued at over $41.8 billion based on cost. The company remains the largest corporate holder of Bitcoin globally.

STRD Listing Supports Continued Buying

Just days before the announcement, Strategy launched its third Bitcoin-backed preferred stock, STRD, on Nasdaq on June 11. Through STRD, Strategy aims to raise $250 million to further expand its Bitcoin portfolio.

To achieve that, the firm is offering 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock at $100 per share. The offering gives investors exposure to Bitcoin without direct ownership while supporting Strategy’s ongoing accumulation strategy.

Strategy’s latest purchase is the second one this month. Michael Saylor’s firm has maintained its commitment to adding Bitcoin whenever the market presents an opportunity, especially during price pullbacks linked to broader economic or political events.