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Strategy Shrugs Off Israel-Iran Tensions, Adds Another $1 Billion In Bitcoin To Its Treasury
- Strategy, a Bitcoin treasury company, added another 10,100 BTC to its holdings amid escalating Israel-Iran tensions.
- The company purchased the Bitcoin for approximately $1.05 billion at an average price of $104,080 per coin.
- Bitcoin's price climbed above $107,000 following the news.
- Strategy now holds a total of 592,100 BTC, valued over $63 billion.
- The company bought the Bitcoin for approximately $41.8 billion at an average price of $70,666 per coin.
- Strategy completed a 10% Series A Perpetual Stride Preferred Stock (STRD) issuance, generating $979.7 million in net proceeds.
- Other companies are following Strategy's lead in adding Bitcoin to their treasuries.
- Institutional interest in Bitcoin remains strong despite recent market volatility.
- Companies like Trump Media and GameStop are acquiring Bitcoin as part of their treasury strategy.
- Japanese investment firm Metaplanet bought an additional 1,112 BTC, increasing its total holdings above 10,000 BTC.
- Some companies are diversifying their treasuries with cryptocurrencies like Ether, XRP, and Solana.
- Bitcoin's price surged to $107,938 amid Strategy's purchase announcement.
- Strategy's focus is to offer exposure to Bitcoin through its Nasdaq-listed shares.
- Bitcoin's total supply is 21 million, with Strategy's holdings equating to approximately 2.8% of that supply.
- Geopolitical tensions in the Middle East influenced Bitcoin's recent price movements.
- Strategy and other companies are utilizing Bitcoin to provide value to shareholders and investors.
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