Strategy Buys 705 BTC for $75.1M, Extends Bitcoin Buying Streak
The post Strategy Buys 705 BTC for $75.1M, Extends Bitcoin Buying Streak appeared on BitcoinEthereumNews.com. Strategy buys 705 BTC for $75.1M, marking its eighth consecutive weekly purchase. Company’s Bitcoin holdings rise to 580,955 BTC, now worth over $60 billion. BTC yield climbs to 16.9% YTD as Strategy boosts its treasury performance. Strategy, a leading corporate Bitcoin investor, has purchased 705 BTC for $75.1 million at an average price of $106,495 per Bitcoin. This marks the eighth consecutive week for Bitcoin purchases by the company, which underscores their confidence in Bitcoin for their treasury. After making this move, Strategy’s year-to-date (YTD) Bitcoin yield for 2025 is now 16.9%. Strategy Now Holds 580,955 BTC Worth Over $60 Billion On June 1, 2025, the company owns 580,955 BTC. They were purchased for around $40.68 billion at an average price of $70,023 per Bitcoin. Since Bitcoin is trading around $104,165, BTC’s value in Strategy’s portfolio is presently more than $60 billion. The new purchase also caused the Bitcoin yield for Strategy to grow very slightly. The YTD yield “jumped up” by 0.1% as a result of the acquisition, which was more than the 0.1% yield from the previous 4,020 BTC purchase. Over the quarter so far (QTD), the yield remains at 5.4%. The increases in Bitcoin’s value on Strategy’s balance sheet are what determine these performance figures. Before the announcement, Strategy’s co-founder, Michael Saylor, who is well known for his support of Bitcoin, posted a Bitcoin price chart on X (formerly Twitter). This suggested the company wanted to acquire and was following a previously used approach by hinting at acquisitions on social networks. His post containing the line “Orange is my favorite color” went out to his audience of 4.4 million followers. The rise in Strategy’s media presence has led to more people following him. Strategy Sells STRK, STRF Shares to Acquire More Bitcoin The latest acquisition was funded…
The post Strategy Buys 705 BTC for $75.1M, Extends Bitcoin Buying Streak appeared on BitcoinEthereumNews.com.
Strategy buys 705 BTC for $75.1M, marking its eighth consecutive weekly purchase. Company’s Bitcoin holdings rise to 580,955 BTC, now worth over $60 billion. BTC yield climbs to 16.9% YTD as Strategy boosts its treasury performance. Strategy, a leading corporate Bitcoin investor, has purchased 705 BTC for $75.1 million at an average price of $106,495 per Bitcoin. This marks the eighth consecutive week for Bitcoin purchases by the company, which underscores their confidence in Bitcoin for their treasury. After making this move, Strategy’s year-to-date (YTD) Bitcoin yield for 2025 is now 16.9%. Strategy Now Holds 580,955 BTC Worth Over $60 Billion On June 1, 2025, the company owns 580,955 BTC. They were purchased for around $40.68 billion at an average price of $70,023 per Bitcoin. Since Bitcoin is trading around $104,165, BTC’s value in Strategy’s portfolio is presently more than $60 billion. The new purchase also caused the Bitcoin yield for Strategy to grow very slightly. The YTD yield “jumped up” by 0.1% as a result of the acquisition, which was more than the 0.1% yield from the previous 4,020 BTC purchase. Over the quarter so far (QTD), the yield remains at 5.4%. The increases in Bitcoin’s value on Strategy’s balance sheet are what determine these performance figures. Before the announcement, Strategy’s co-founder, Michael Saylor, who is well known for his support of Bitcoin, posted a Bitcoin price chart on X (formerly Twitter). This suggested the company wanted to acquire and was following a previously used approach by hinting at acquisitions on social networks. His post containing the line “Orange is my favorite color” went out to his audience of 4.4 million followers. The rise in Strategy’s media presence has led to more people following him. Strategy Sells STRK, STRF Shares to Acquire More Bitcoin The latest acquisition was funded…
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