Strategy has purchased 1,045 Bitcoin for $110.2 million, increasing its total holdings to 582,000 BTC. The acquisition was made at an average price of $105,426 per Bitcoin, as Bitcoin's price nears its all-time high. This marks the ninth consecutive week of Bitcoin purchases by Strategy. The company previously announced a $1 billion stock offering to fund further Bitcoin acquisitions and corporate expenses, issuing 11.76 million shares of preferred stock with a 10% dividend. Bitcoin traded at $107,640 at the time of the report, close to its all-time high of nearly $112,000. The stock offering aims to attract institutional investors seeking yield opportunities.

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Strategy has acquired $110.2 million worth of Bitcoin as the price trades near its all-time high level. According to a June 9 US Securities and Exchange filing, Streategy acquired 1,045 Bitcoin ( BTC ) at an average price of $105,426 per coin. The company now holds 582,000 BTC acquired for approximately $40.79 billion at an average price of around $70,086 per BTC. The announcement follows Strategy co-founder and executive chairman Michael Saylor hinting at the purchase on June 8 . This buy marks the ninth consecutive week that Strategy acquired Bitcoin. The latest Strategy purchase news comes as Bitcoin approaches its all-time high again. According to CoinMarketCap, Bitcoin traded at $107,640 at the time of writing, just 3.9% lower than the all-time high of nearly $112,000 reported in May. Related: Metaplanet shares jump after $5.4B plan to buy Bitcoin The latest Bitcoin acquisition follows Strategy’s announcement of a $1 billion stock offering, which quadrupled its previous announcement of a $250 million raise. The firm said that it plans to use the proceeds to fund additional Bitcoin acquisitions and corporate expenses. The stock offering issues 11.76 million shares of Strategy’s 10.00% Series A Perpetual Stride Preferred Stock for $85 per share. Following the deduction of expenses from underwriting and other dues, the firm expects to raise approximately $979 million. Unlike previous fundraising rounds, this offering provides non-cumulative dividends of 10%, designed to appeal to institutional and professional investors seeking yield-generating opportunities. Magazine: Baby boomers worth $79T are finally getting on board with Bitcoin 

Strategy recently purchased 1,045 bitcoins, bringing its total holdings to 582 thousand bitcoins.

Strategy recently purchased 1,045 bitcoins, bringing its total holdings to 582 thousand bitcoins.