Strategy to buy an additional 1.045 Bitcoin at a price of 110.2 million dollars, raising the total holdings to 582,000 BTC

The strategy continues to purchase an additional 1.045 BTC with a total value of approximately 110.2 million dollars, at an average price of 105,426 dollars, during the period from June 2 to June 8, according to an 8-K filing submitted to the SEC on Monday.

Currently, the company is holding a total of 582,000 BTC – worth more than $62 billion, purchased at an average price of 70,086, at a total cost of about $40.8 billion, including fees and expenses incurred. This information was confirmed by co-founder and Executive Chairman Michael Saylor. The number of Bitcoins held by the company is equivalent to about 2.8% of the total supply of 21 million Bitcoins, indicating a potential profit of about $21 billion.

Recent purchases were made with funds obtained from the sale of STRK and STRF perpetual preference shares on the market. In the last week, the company sold 626,639 STRK shares for a value of approximately $66.4 million, and there are now $20.6 billion of STRK shares available for issuance and sale under that program. In addition, the company also sold 432,679 STRF shares for $45.8 million, with $2 billion remaining in the program. No Class A common stock, MSTR, was sold last week, with $18.6 billion remaining in the ATM program.

The company's perpetual preferred stock program STRK and STRF, valued at $21 billion and $2.1 billion respectively, is an addition to the company’s “42/42” plan, aimed at raising a total of $84 billion from the issuance of stocks and convertible bonds to purchase Bitcoin by 2027. This plan has been adjusted from the original $42 billion level, referred to as the “21/21” plan, after the initial equity capital has been fully utilized.

Last week, the company announced and then scaled up a $1 billion issuance for a new type of perpetual preferred stock — Stride (STRD). STRD offers a fixed annual dividend of 10% that is non-cumulative and non-convertible, while STRK is a convertible preferred stock with a fixed annual dividend of 8%, and STRF is a non-convertible stock with a fixed annual cumulative dividend of 10%.

Michael Saylor has once again hinted at the possibility of another Bitcoin purchase in the future, sharing an update on the company's Bitcoin purchase tracker on Sunday, with the message: "Send more Orange."

Previously, the company purchased an additional 705 BTC for a total value of approximately 75.1 million dollars, at an average price of 106,495 dollars during the period from May 26 to June 1, bringing the total holdings to 580,955 BTC. The company's Bitcoin buying rate has shown signs of slowing down in recent weeks as they seem to be shifting from the common stock ATM program to perpetual preferred stocks to finance the purchase of bitcoin.

The Rise of Bitcoin Adoption in Business

There are currently 144 companies that have adopted a Bitcoin storage model, of which 114 companies are public companies. Some of the companies that have recently joined the list include Tether-backed Twenty One, Nakamoto, Trump Media, GameStop, and K33, along with Metaplanet, Semler Scientific, and KULR, which have adopted the Bitcoin buying model developed by Saylor and the company.

Analysts at Bernstein predict that the company and its business clones could add $330 billion to their bitcoin stash over the next five years, thanks to the Trump administration's friendly attitude towards cryptocurrency in the U.S.

The company's market capitalization of $102.4 billion continues to trade at a significantly higher price than its net asset value of Bitcoin, causing some investors to express concerns about the higher valuation over NAV and the company's various Bitcoin purchase programs. However, analysts argue that with relatively low debt and no payments due until 2028, the company's financial capability remains under control.

Mr. Teacher