The previous micro-tactics has snapped 245 Bitcoin worth around $24.8 million at its current price. Disclosure Submitted on Monday.
The Virginia-based software company purchased tokens between June 16th and 22nd at an average price of $105,856 per Bitcoin. data Provider Coingecko.
Strategy’s latest report purchase is second only to the purchase of 130 Bitcoin between March 10th and 16th. data show.
The relatively modest acquisition came amid a dramatic escalation of tensions in the Middle East. This is a development that drives investors to secure investments such as risk-on assets such as cryptocurrencies to gold.
At the heart of the geopolitical turmoil is a long-standing military showdown between Iran and Israel, which accelerated last week as the two countries traded missile fires. On Sunday, the US bombed areas it suspected to be important in the development of Iran’s nuclear weapons.
Gold prices have risen, but the attacks have shaken up the global oil market and digital assets.
Bitcoin was trading at $101,640 last week, down 5.6%, according to Coingecko. BTC fell below $100,000 on Sunday.
Over the past seven days, the total market capitalization of cryptocurrencies has plummeted from about 6% to $3.2 trillion. data show.
Conversely, gold futures opened on Monday at $3,400.70 per ounce, up 1% from Friday’s closing price. Yahoo Finance. Oil futures also traded higher after bombing smart last week, jumping over 4%.
Despite widespread macroeconomic uncertainty, the strategy has reported buying Bitcoin for 11 consecutive weeks, spending more than $6 billion on digital assets since mid-April.
Other companies also show a continuing commitment to Bitcoin, with Tokyo-listed Metaplanet buying 1,111 Bitcoin worth $118 million on Monday. The purchase will have a total holding of exactly 11,111 BTC as it competes towards its ambitious goal of obtaining 100,000 Bitcoin by the end of 2026.
MéliuzSA, a Brazilian listed technology company announcement The latest $28.61 million Bitcoin purchase on Monday.
Edited by James Rubin
