Michael Saylor’s Strategy Adds 3,015 BTC as Bitcoin Holds Steady Despite U.S.-Iran War Michael Saylor’s company, Strategy, has announced another weekly Bitcoin purchase, acquiring 3,015 BTC between February 23 and March 1. This marks the company’s 10th consecutive weekly purchase, continuing a trend that began in December of the previous year. The move comes as Bitcoin remains stable amid escalating tensions between the U.S. and Iran. Meanwhile, the company’s stock, MSTR, is trading slightly lower in premarket sessions, reflecting the broader market’s cautious stance. According to an SEC filing, Strategy spent $204.1 million to acquire the 3,015 BTC at an average price of $67,700 per Bitcoin. This brings the company’s total Bitcoin holdings to 720,737 BTC, valued at $54.77 billion at an average cost of $75,985 per coin. The purchase was funded using proceeds from the sale of 1.7 million MSTR shares, which generated $229.9 million in net proceeds, and 71,590 STRC shares, which contributed $7.1 million. Saylor’s decision to continue buying Bitcoin aligns with his public statements about the company’s long-term strategy. Despite Bitcoin trading below its average entry price, Strategy remains committed to its holdings, acknowledging an unrealized loss of over $7 billion. However, Saylor has emphasized that the company is prepared to weather the current market downturn without needing to liquidate its Bitcoin reserves. The ongoing U.S.-Iran conflict has introduced volatility into the cryptocurrency market, with Bitcoin briefly dropping to $63,000 following the initial U.S. attacks on Iran. However, the asset has since stabilized, trading above $65,000. Analysts note that the situation remains tense, with potential for further price swings depending on the conflict’s progression.#bitcoin #strategy #sec #michael_saylor #us_iran_war
