Bitcoin treasury firm Strategy acquired 1,045 BTC for $110.2 million between June 2 and June 8, increasing its total holdings to 582,000 BTC worth over $62 billion.
The purchase was the ninth consecutive week of Bitcoin accumulation by Strategy, with an average price of $105,426 per coin.
The acquisition was funded through proceeds from preferred stock offerings, and Strategy's total Bitcoin investment now stands at $40.8 billion, with paper gains of roughly $21 billion.
Strategy's aggressive accumulation aligns with its '42/42' plan to raise $84 billion for Bitcoin acquisitions by 2027, as the firm has grown from $1.2 billion to over $104 billion in market cap since August 2020.