Strategy disclosed in a Form 8-K filed on June 16 that it has acquired an additional 10,100 Bitcoin for approximately $1.05 billion, which translates to an average price of around $104,080 per Bitcoin.
The company’s latest Bitcoin investment reflects a strategic move, bringing its total holdings to about 592,100 BTC, valued at approximately $41.84 billion with an average acquisition cost of $70,666 per Bitcoin. Year-to-date, 2025, Strategy has achieved a BTC yield of 19.1%.
This significant purchase reinforces Strategy’s position as one of the top corporate holders of Bitcoin worldwide. The firm’s ongoing “buy and hold” strategy is primarily supported by proceeds from debt and equity financing, rather than its at-the-market programs. Notably, the company has refrained from selling any stock or Bitcoin in connection with this recent acquisition.
Continued Confidence in Bitcoin’s Long-Term Value
Within the filing, Strategy’s management expressed strong confidence in Bitcoin’s potential long-term value, while also recognizing the volatility and risks correlated with a concentrated treasury allocation.
The filing cautioned that the lack of diversification increases vulnerability to short-term price fluctuations in Bitcoin, stating, “The concentration of our assets in Bitcoin limits our ability to mitigate risk that could otherwise be achieved by holding a more diversified portfolio.”
Management noted that this approach “has not been tested over an extended period of time or under different market conditions.”
Financing and Risk Factors
The Form 8-K further outlined that Strategy’s Bitcoin acquisitions are mainly financed through debt and equity, highlighting the company’s reliance on favorable financing conditions to maintain its aggressive accumulation strategy.
Additionally, Strategy identified counterparty and custody risks, warning that insolvency of custodians could restrict access to the stored Bitcoin assets.
This acquisition follows a 10-for-1 stock split that took place in August 2024, ensuring that the per-share metrics in the Form 8-K reflect the adjusted figures post-split.
With Bitcoin priced around $104,000, Strategy’s investment stands out for its scale and persistent commitment in an unpredictable macroeconomic landscape.
Michael Saylor Extends Hand to Pakistan’s Crypto Ambition
Over the weekend, Michael Saylor, executive chairman of Strategy, engaged in discussions with prominent Pakistani officials about leveraging cryptocurrency to enhance the nation’s financial future.
The meeting, described as a “landmark discussion” by attendees, included Finance Minister Muhammad Aurangzeb and Minister of State for Crypto and Blockchain Bilal Bin Saqib.
Key topics included the potential of Bitcoin in sovereign reserves and monetary policy initiatives, as Pakistan accelerates its ambitions to emerge as a leader in digital assets within the Global South.
According to Aurangzeb, who chairs the Pakistan Crypto Council, “Pakistan aspires to lead the Global South in the development and adoption of digital assets, setting a benchmark for innovation, regulation, and inclusive growth in the digital economy.”
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