TL;DR
- Strategy bought 10,100 BTC for $1.000B after the price drop triggered by Israel’s attacks on Iranian nuclear facilities.
- With 592,100 BTC in reserves and a 19.1% yield in 2025, the company aims to reach 25% annually by financing purchases through STRD on Nasdaq.
- The plan to issue more shares to buy Bitcoin sparked warnings about possible shareholder dilution and volatility risks for public companies.
Strategy, the firm led by Michael Saylor and the world’s largest corporate holder of Bitcoin (BTC), completed a new BTC purchase amid growing geopolitical tension in the Middle East.
The company acquired 10,100 bitcoins for $1.000B last week, taking advantage of the market dip following Israeli strikes on Iranian nuclear sites. The transaction was closed at an average price of $104,080 per coin. BTC dropped from $110,000 to a low of $103,639 in a matter of days.
With this latest purchase, the company’s total reserves reached 592,100 BTC, for which it spent roughly $41.8B at an average price of $70,666 per coin. Strategy also debuted this week on Nasdaq with STRD, its third Bitcoin-backed preferred stock, designed to finance further BTC purchases. The goal is to raise $250M by issuing 2.5 million Series A shares, priced at $100 each.
Strategy Congratulates Metaplanet
The performance of the company’s Bitcoin holdings improved after the latest transaction. According to official data, the year-to-date yield in 2025 rose to 19.1%, up two points from the June 9 report. On a quarterly basis, the return on its BTC positions stands at 7.4%. The company continues to target a 25% yield for the year, a figure it raised in early May.
Michael Saylor remains active in publicly supporting other companies following Strategy’s model. This week, he congratulated Japan’s Metaplanet for reaching 10,000 BTC in reserves, on its way to the projected 100,000 by 2026.
Concerns Over the Share Issuance Model
The pace of Strategy’s corporate Bitcoin purchases reignited market warnings. Matthew Sigel, head of digital assets research at VanEck, pointed out that continuous share issuance to finance BTC buys could end up diluting shareholder value if the stock price fails to stay above the company’s net asset value. Standard Chartered had previously raised similar concerns about the volatility and risks tied to these operations in public companies.
