$1 Billion More Bitcoin for Strategy? Of Course, It’s Monday

Last week, the strategy added $ 1.08 billion Bitcoin, which is the biggest purchase in more than a month, as the company continued its relentless search for the accumulation of BTC despite the growing tensions in the Middle East, which sent the prices of cryptocurrencies.

A software software company that was at Bitcoin, based in Virginia, bought 10,100 bitcoins at an average price of $ 104,080 per toast between 9 and 15 June. The strategy now has 592,100 Bitcoin worth over $ 64 billion, based on current prices, is said Bitcointreasuries.net.

This is the tenth week in a row a strategy, earlier Microstrategy, reported to buy bitcoin, according to the company website.

A big purchase came in the midst of a unstable week for digital property markets, including Bitcoin, which immersed almost 5% on Friday, while Israel and Iran exchanged rocket attacks. Sale deleted more than $ 420 billion From the wider market capitalization of cryptocurrencies and has launched $ 1.2 billion liquidation compared to the effect on the tenging of Altcoin prices.

Jitters merchant also reflected on the wider stock market, with The S&P 500 and the industrial average of Dow Jones fell 0.66%and 1.17%, respectively, as investors fled to safe assets such as gold and other risk investments.

From Monday, Bitcoin, however, has since pulled some of his losses. The oldest Crypto currency in the world has recently traded over $ 108,000, which is 2.4% compared to the last 24 hours, although BTC is Ravan over the past week, said Coingecko Data.

The discovery of the latest acquisition of the strategy tokens also comes less than a week after an STRD, the preferred shares provided by the Bitcoin offered by the Strategy, made his debut on Nasdaq Wednesday.

Strd Sales Sales Strategy for raising $ 250 million to build its Bitcoin Treasury. As part of a raise, the company will issue 2.5 million of its eternal preferred shares of 100 USD per shareaccording to a statement from the strategy.

The offer of a public company to extinguish more Bitcoin makes part of the wider embrace of token as the property of the treasury. Two hundred and thirty -five public and private companies, government bodies and other entities hold bitcoin from the time of publication, which is 13% compared to the last month, they state data from Bitcointreasuries.net.

Edited by James Rubin