tl;dr
Strategy, formerly MicroStrategy, purchased 245 Bitcoin worth about $24.8 million between June 16 and 22, its second smallest BTC purchase this year. This brings its total holdings to 592,345 BTC, valued at around $60 billion. The purchase occurred amid rising Middle East tensions driving investors ...
Strategy recently purchased 245 Bitcoin for approximately $24.8 million, boosting its total holdings to 592,345 BTC amid escalating tensions in the Middle East. This move occurred as geopolitical conflicts between Iran and Israel, alongside U.S. airstrikes, prompted investors to shift from risk-on assets such as cryptocurrencies to traditional safe havens like gold and oil.
Bitcoin’s price dropped below $100,000 for the first time since May, causing the total cryptocurrency market capitalization to decline about 6% to $3.2 trillion over the past week. Meanwhile, gold and oil futures responded to the geopolitical unrest by gaining value, with gold rising 1% and oil climbing over 4%.
Despite the uncertainty in the macroeconomic environment, Strategy has maintained an aggressive Bitcoin acquisition strategy, consistently buying the digital asset for eleven consecutive weeks and investing over $6 billion since mid-April. This recent acquisition is noted as its second smallest Bitcoin purchase this year, with an average price of around $105,856 per BTC.
Other notable corporate Bitcoin buyers include Tokyo-based Metaplanet, which acquired 1,111 Bitcoin worth $118 million as part of its goal to reach 100,000 BTC by the end of 2026. Brazil’s technology firm Méliuz S.A. also reinforced its dedication to Bitcoin by purchasing $28.61 million worth of the cryptocurrency.
The geopolitical turmoil centers on a military standoff between Iran and Israel, which escalated with missile exchanges and U.S. airstrikes targeting suspected Iranian nuclear sites. These developments rattled global oil markets and digital assets, while gold prices surged, reflecting investor flight to safety.
Strategy’s total Bitcoin holding is now valued at approximately $60 billion, underscoring the company’s continued confidence in the asset despite market volatility. The recent buying activity, alongside moves from other corporations, signals sustained corporate interest in Bitcoin as a strategic investment amid evolving geopolitical and economic conditions.