According to Strategy’s official announcement, the company added 10,100 Bitcoin to its pile last week. The move cost $1 billion at an average price of $104,080 per coin.
Strategy’s new STRD shares began trading on Nasdaq on June 11. The move aims to raise $250 million in fresh cash. According to the company, it will issue 2.5 million shares of 10% Series A Perpetual Stride Preferred Stock at $100 each. That cash should fund more Bitcoin buys without tapping its cash reserves.
Saylor has been busy on X, praising peers. He congratulated Metaplanet for reaching 10,000 BTC. He mentioned CEO Simon Gerovich and director Dylan LeClair by name. At the same time, Matthew Sigel of VanEck warned that big corporate Bitcoin buys can dilute value if a stock trades near net asset value. Standard Chartered also flagged volatility risks in early June.
Strategy’s buy‑the‑dip approach could pay off if Bitcoin climbs and holds above six figures. The preferred stock route gives it dry powder for more buys. But the 10% dividends on STRD could weigh if gains stall.
Investors will keep an eye on yield updates and any shifts in Bitcoin’s price swing. For now, Strategy is betting on volatility as a chance to build one of the largest corporate Bitcoin treasuries in history.
Featured image from Money Times, chart from TradingView
