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War Worries, Bitcoin Gains: Strategy Adds $1 Billion To Treasury

Veröffentlichungszeit: 2024-09-19
According to Strategy’s official announcement, the company added 10,100 Bitcoin to its pile last week. The move cost $1 billion at an average price of $104,080 per coin. Bitcoin slipped from $110,000 on June 9 to a low of $103,550 on June 12 after news of Israel striking Iranian nuclear sites. Strategy now holds 592,100 BTC, bought for about $41.8 billion at an average of $70,666 each. Rising Bitcoin Holdings The latest buy is Strategy’s second in June. Based on reports, it brings total holdings to nearly 600,000 BTC. That’s a huge stash by any measure. The company has spent more than $41 billion so far. It treats dips as chances to buy more. The average cost per coin remains well below current market rates. Preferred Stock Offering Strategy’s new STRD shares began trading on Nasdaq on June 11. The move aims to raise $250 million in fresh cash. According to the company, it will issue 2.5 million shares of 10% Series A Perpetual Stride Preferred Stock at $100 each. That cash should fund more Bitcoin buys without tapping its cash reserves. Yield Targets And Progress Based on Strategy’s data, its year‑to‑date Bitcoin yield now stands at 19.1%. That’s up 2% from last Monday’s 1,045 BTC purchase. Quarter‑to‑date yield sits at 7.5%. The firm has upped its goal from 15% to 25% by December 31, 2025. Hitting that will need strong price gains over the next year and a half. Broader Industry Warnings Saylor has been busy on X, praising peers. He congratulated Metaplanet for reaching 10,000 BTC. He mentioned CEO Simon Gerovich and director Dylan LeClair by name. At the same time, Matthew Sigel of VanEck warned that big corporate Bitcoin buys can dilute value if a stock trades near net asset value. Standard Chartered also flagged volatility risks in early June. The Road Ahead Strategy’s buy‑the‑dip approach could pay off if Bitcoin climbs and holds above six figures. The preferred stock route gives it dry powder for more buys. But the 10% dividends on STRD could weigh if gains stall. Investors will keep an eye on yield updates and any shifts in Bitcoin’s price swing. For now, Strategy is betting on volatility as a chance to build one of the largest corporate Bitcoin treasuries in history. Featured image from Money Times, chart from TradingView

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