Strategy Acquires 245 More Bitcoin Amid Geopolitical Tensions, Holdings Reach 592,345 BTC

Amid mounting global tensions and continued market volatility, Strategy Inc. (formerly MicroStrategy) has once again increased its Bitcoin holdings, purchasing 245 BTC for approximately $26 million, the company disclosed in a June 23 filing with the U.S. Securities and Exchange Commission (SEC).

This latest acquisition brings the company’s total Bitcoin reserves to 592,345 BTC, acquired at a cumulative cost of approximately $41.87 billion, with an average purchase price of $70,681 per coin.

“Strategy acquired 245 BTC for ~$26.0 million at ~$105,856 per bitcoin,” Executive Chairman Michael Saylor announced on X (formerly Twitter). “As of June 22, 2025, we hold 592,345 BTC.”

The purchase was made between June 16 and June 22, as Bitcoin prices dipped following heightened geopolitical instability, including U.S. airstrikes on Iranian nuclear sites amid the ongoing Iran-Israel conflict.

Capital Raised Through Preferred Shares

To fund the acquisition, Strategy sold:

166,566 shares of its 8.00% Series A Perpetual Strike Preferred Stock (STRK), raising $17.4 million
84,354 shares of its 10.00% Series A Perpetual Strife Preferred Stock (STRF), raising $8.7 million

The combined $26.1 million in net proceeds was used exclusively for Bitcoin purchases, part of the company’s long-standing strategy of accumulating the cryptocurrency through equity and bond issuance.

A Steady Path of Accumulation

The recent acquisition follows a larger buy just a week prior, when Strategy revealed it had acquired 10,100 BTC, emphasizing a continued commitment to increasing its reserves, even as some market participants grow cautious amid price fluctuations.

Earlier this year, in February 2025, Strategy acquired 20,356 BTC for approximately $1.99 billion, at an average price of $97,514 per coin.

Michael Saylor’s Long-Term Bitcoin Vision

Michael Saylor remains one of the most vocal Bitcoin advocates in the corporate world. At the recent BTC Prague 2025 conference, he made headlines by predicting that Bitcoin could reach $21 million per coin by 2046, citing increased institutional adoption, favorable regulation, and national-level interest in establishing Bitcoin reserves.

“Bitcoin is engineered to outlast gold and redefine global finance,” Saylor stated. “Its ultimate destination is not just store of value—it is monetary energy for the world.”

He previously projected that Bitcoin could hit $1 million within the decade and even suggested potential valuations in the $13–49 million range under ultra-bullish scenarios.

Institutional Buying on the Rise

Strategy’s accumulation strategy mirrors a broader trend among public companies embracing Bitcoin. According to data from the Financial Times, over 130 publicly traded firms now collectively hold more than $87 billion worth of Bitcoin, often financed through similar models of stock issuance and convertible bonds.

Industry analysts have referred to Strategy and similar firms as “Bitcoin treasury companies,” shifting their core identity from software or services to cryptocurrency asset management. Strategy now holds close to 2% of all Bitcoin in circulation.

Balancing Risk and Reward

While this aggressive buying strategy has contributed to Strategy’s rising profile and soaring share price, it also poses risks. The company’s balance sheet is now heavily skewed toward Bitcoin, and its market valuation is significantly tied to BTC price performance.

Critics have raised concerns about over-leveraging and volatility. However, supporters argue that Strategy’s ability to repeatedly grow its Bitcoin reserves per share justifies the premiums investors pay.

“Strategy has become a proxy for Bitcoin exposure,” said Adam Back, CEO of Blockstream. “As long as they continue to increase Bitcoin-per-share, the market will reward them.”

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