Strategy Corp Continues Bitcoin Buying Spree, Acquires $1.3 Billion Worth in 10th Consecutive Week

On the evening of June 16th, Strategy Corp (formerly MicroStrategy) reported investing a total of 152 billion yen (approximately $1.3 billion) from June 9th to June 15th, acquiring 10,100 BTC. This purchase increases the company's Bitcoin holdings to 592,100 BTC, edging closer to the 600,000 BTC milestone. The recent acquisition was made at a price of $104,080 per BTC, bringing the company's average acquisition cost to $70,666 per BTC (up from $70,086 last week). The company's stock price began to rise on June 17th, in tandem with the increase in Bitcoin's value...