Crypto asset giant Strategy (formerly MicroStrategy) disclosed on June 9 that it had purchased an additional 1,045 Bitcoins at a price of 110.2 million US dollars, with an average price of approximately 105,400 US dollars per coin. After this increase in holdings, the company’s total holdings of Bitcoin rose to 582,000, with a total value exceeding 61.1 billion US dollars based on the current market price.
This is Strategy’s third large-scale increase in holdings this year. In February and April, the company acquired 690 Bitcoins for 739 million US dollars and purchased 1,210 Bitcoins for 1.28 billion US dollars respectively. As of now, its cumulative purchase cost has reached 65.7 billion US dollars, with an average holding cost of approximately 112,900 US dollars per piece, representing a premium of about 7.1% over the current market price.
CEO Michael Saylor emphasized in the statement that the scarcity of Bitcoin as “digital gold” is attracting institutional capital to enter the market at an accelerated pace. He cited on-chain data, saying that the total holdings of Bitcoin by global listed companies have exceeded 1.2 million, with US companies accounting for more than 75%. Strategy’s move to increase its holdings is seen as a continuous implementation of its “Bitcoin standard” strategy – the company has included Bitcoin in its core asset allocation since 2020 and has previously issued convertible bonds multiple times to raise funds for coin purchases.
Market analysis indicates that although Bitcoin has been fluctuating in the range of $105,000 in the short term, the continuous growth of institutional holdings provides support for the coin price. As of June 9th, Bitcoin has risen by 38% year-to-date, with its market value exceeding 2.1 trillion US dollars. However, some analysts have cautioned against the risk of macroeconomic fluctuations. The Federal Reserve may keep interest rates unchanged at its June interest rate meeting, but inflation data could still affect liquidity expectations.
The latest holding data of Strategy has been synchronously updated to the “Bitcoin Holdings” column on its official website. The weekly disclosed Bitcoin purchase records are regarded as one of the industry barometers. After this increase in holdings, the company continued to maintain its position as the “top listed company in terms of Bitcoin holdings”, ahead of Tesla (194,000) in second place and Block (78,000) in third place.
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