Bitcoin-focused company Strategy, formerly MicroStrategy, recently boosted its holdings by buying an additional 10,100 BTC as part of its investment plan. According to reports, this purchase was funded by a successful sale of preferred stock that raised $979.7 million. The sale included STRD shares and at-the-market (ATM) offers for STRK and STRF preferred shares. Strategy Total Bitcoin Holdings Stands at 592,100 BTC With this recent acquisition, the Nasdaq-listed firm’s total Bitcoin holding is 592,100 BTC. With Bitcoin currently priced at about $107,000 per coin, the value of these holdings is now around $63.3 billion. Interestingly, this positions Strategy as the largest institutional Bitcoin holder globally and highlights its commitment to Bitcoin as an important asset in its portfolio. The company’s average purchase price for each Bitcoin in its total holdings is $70,666. Strategy recently boosted its latest stock offering from $250 million to $1 billion . The firm said it will sell over 11.7 million shares of its 10% Series A Stride Preferred Stock (STRD) at $85 each. The proceeds will go into general corporate purchases, as big banks like Morgan Stanley, Barclays, and TD Securities are backing the STRD launch. Strategy Buys More Bitcoin On June 9, Strategy added 1,045 BTC to its already massive treasury. With this purchase, the company had almost $21 billion in unrealized gains and owns almost 3% of Bitcoin’s total supply . It is worth noting that Strategy keeps buying Bitcoin regularly. Before this purchase, the company bought 705 BTC for $75.1 million between May 26 and June 1. Meanwhile, Chairman Michael Saylor has also hinted at further Bitcoin buys . Likewise, CryptoQuant analyst Ki Young Ju suggested that the company’s rapid accumulation is already reshaping the market dynamics. Executives from crypto-native Sygnum Bank have indicated that this institutional buying could trigger a potential shock, driving BTC prices higher. A Trend Other Companies Are Following Strategy is not alone in building a Bitcoin treasury. A total of 144 companies have adopted this model, with 114 of them publicly traded. Newer entrants include Tether-backed Twenty One, Trump Media, GameStop, and Basel Medical Group , joining earlier adopters like Metaplanet and Semler Scientific. Competition is also heating up. On the same day, Strategy upsized its offering, and Metaplanet plans to raise $5.4 billion to buy more BTC, adding to the pressure. This came after the Japanese firm issued $21 million in zero-interest bonds to buy Bitcoin on May 29. The post Strategy Boosts Bitcoin Holdings With Over 10,000 BTC Bet appeared first on TheCoinrise.com .
