Virginia-based software firm Strategy has executed its largest Bitcoin purchase since early May, acquiring 10,100 BTC.
The acquisition, valued at approximately $1.08 billion, was completed at an average price of $104,080 per token. This marks Strategy’s tenth consecutive week of Bitcoin accumulation.
Following this purchase, Strategy now holds 592,100 BTC, valued at over $64 billion. This solidifies its position as one of the largest corporate Bitcoin holders globally.
The buy occurred during a period of significant market volatility. Bitcoin experienced a 5% decline driven by geopolitical tensions but subsequently recovered to trade above $108,000.
Concurrently, Strategy launched STRD, a Bitcoin-backed preferred stock listed on NASDAQ. The offering aims to raise $250 million to further expand the company’s Bitcoin holdings, reflecting a growing trend of integrating digital assets into corporate capital structures.
Corporate Bitcoin adoption continues to rise, with 235 organizations now holding Bitcoin as part of their treasury reserves. This represents a 13% increase over the past month, underscoring Bitcoin’s expanding role as a store of value.