Strategy Expands Bitcoin Holdings Amid Rising Market Sentiment

According to Cointelegraph, Strategy, recognized as the largest public holder of Bitcoin globally, has significantly increased its Bitcoin holdings, reflecting a positive shift in investor sentiment and rising market prices. Last week, the company acquired 4,980 Bitcoin (BTC) for a total of $531.1 million, as disclosed in a filing with the U.S. Securities and Exchange Commission on June 30. This acquisition was made at an average price of $106,801 per coin, coinciding with Bitcoin's price increase from approximately $101,000 at the start of the week to over $108,000 by week's end, based on CoinGecko data. Strategy's latest purchase has elevated its total Bitcoin holdings to 597,325 BTC, acquired at an aggregate cost of approximately $42.4 billion, with an average purchase price of $70,982 per coin. This strategic move has resulted in a year-to-date (YTD) gain of 85,871 BTC, valued at $9.5 billion, compared to a gain of 140,538 BTC, or $13 billion, for the entire year of 2024, according to the company's data. The company's Bitcoin yield has increased by 0.5%, reaching 19.7%, moving closer to its targeted YTD yield goal of 25% by the end of 2025. Furthermore, Strategy's quarter-to-date BTC yield has also seen an uptick, rising by approximately 0.4% to 7.8%. This growth in yield and holdings underscores the company's commitment to expanding its Bitcoin portfolio amid favorable market conditions. As the cryptocurrency market continues to evolve, Strategy's strategic acquisitions and yield improvements highlight its proactive approach to capitalizing on market opportunities and achieving its financial objectives.