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Strategy Inc. (MSTR) on Monday disclosed its first Bitcoin purchase in July, as BTC prices surged to new highs amid an intensifying trade war in the wake of President Donald Trump’s tariffs.
Strategy’s shares were up more than 4% as markets opened for trading on Monday amid a wider surge in cryptocurrency-linked stocks.
At the time of writing, Bitcoin was up almost 3% over the past 24 hours. Retail sentiment on Stocktwits around Strategy’s stock and Bitcoin was in the ‘extremely bullish’ territory.
The Bitcoin proxy, co-founded by Michael Saylor and formerly known as MicroStrategy, stated in a filing with the U.S. Securities and Exchange Commission (SEC) that it acquired 4,225 Bitcoin between July 7 and July 13 at a total cost of $472.5 million and at an average price of $111,827 per BTC.
As of July 13, Strategy’s total Bitcoin holdings stood at 601,550, totaling $42.87 billion at an average price of $71,268 per BTC. At current prices, Strategy’s total holdings are worth $73.33 billion, with an unrealized gain of 71%.
The company stated that its BTC yield stood at 20.2%, an increase of 50 basis points from its previous purchase.
This follows Strategy’s previous purchase of $531.9 million, netting the company 4,980 Bitcoin at an average price of $106,801 per BTC.
For the latest purchase, the company used net proceeds from the sale of the company’s strike preferred (STRK), strife preferred (STRF), at the money (ATM), and stride preferred (STRD) stocks.
Strategy’s stock is up 50% year-to-date and nearly 170% over the past 12 months. On the other hand, Bitcoin is up more than 30% year-to-date and 105% over the past 12 months.
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