Strategy Buys 245 BTC, Total Holdings at 592,345 BTC

Strategy, previously known as MicroStrategy, expanded its bitcoin portfolio by acquiring 245 BTC at around $26 million, paying an average of $105,856 per bitcoin, between June 16 and June 22. This purchase elevates Strategy's total to 592,345 BTC, valued at over $60 billion as acquired. The move marks a continuation of Strategy's aggressive bitcoin investment approach, according to co-founder Michael Saylor. The acquisition was financed through the sale of its preferred stock programs STRK and STRF, generating significant capital for these acquisitions. With programs extending to $21 billion for STRK and $2.1 billion for STRF, and additional capital plans through 2027, Strategy is committed to long-term bitcoin investment. Analysts predict that Strategy's financial maneuvers, including its preferred stock STRD, will be beneficial to shareholders by creating ongoing low-cost funding for further bitcoin purchases. STRD, a non-convertible stock offering a 10% dividend, is positioned as a high-risk, high-reward option among the company's shares. Michael Saylor's remarks and Strategy's ongoing acquisitions indicate no signs of slowing down, amidst a strategic phase of shifting funding sources. Despite some skepticism about Strategy's valuation, its market positioning remains strong. Today, over 200 companies, inspired by Strategy's model, hold bitcoin in treasury, underscoring the growing trend of institutional bitcoin adoption.