Michael Saylor’s Firm Purchases 10,100 BTC for $1 Billion
Michael Saylor’s firm, Strategy, purchased 10,100 BTC during the week ending June 16. The total value of the Bitcoin buy was $1 billion, with an average cost of $104,080 per coin. The purchase followed a price decline from $110,000 to a low of $103,639, triggered by reports that Israel attacked Iranian nuclear facilities.
This acquisition was Strategy’s second in June. It increased the company’s Bitcoin balance to 592,100 BTC, bought for $41.8 billion in total. The firm’s average purchase price remains $70,666 per Bitcoin. The timing of this Strategy Bitcoin purchase coincided with global tension in the Middle East, which pressured financial markets.
STRD Nasdaq Listing Supports More Bitcoin Purchases
Just days before the $1 billion buy, Strategy launched its third Bitcoin-backed preferred stock, known as STRD, on Nasdaq. The new listing took place on June 12. The company plans to raise $250 million from the STRD offering.
Strategy will issue 2.5 million shares of 10% Series A Perpetual Stride Preferred Stock, priced at $100 each. Funds raised through STRD will go toward additional Bitcoin acquisitions. Strategy has used similar funding methods in the past, offering stock backed by BTC to expand its treasury.
The STRD Nasdaq listing marks another step in Strategy’s ongoing efforts to grow its Bitcoin reserves through public equity tools. No specific timeline has been given for when the firm will use STRD funds to make another BTC purchase.
Strategy BTC Yield Rises to 19.1% in 2025
After the June Bitcoin acquisition, Strategy reported that its year-to-date BTC yield increased to 19.1%, up from 17.1% the previous week. The quarter-to-date yield now stands at 7.4%. This internal metric tracks the growth of the company’s Bitcoin holdings over time.
On May 1, Strategy raised its BTC yield target for 2025 from 15% to 25%. With the current pace of acquisitions and price increases, the company has moved closer to this new target. Data published by Strategy on June 16 confirms the updated figures, including yield rates and average cost.
The Strategy BTC yield calculation does not refer to traditional income returns. Instead, it shows the percentage change in Bitcoin value based on the firm’s total stack.
Michael Saylor Acknowledges Metaplanet’s 10,000 BTC Milestone
Michael Saylor used his X account on June 16 to recognize Metaplanet, a Japanese Bitcoin-holding company. He congratulated CEO Simon Gerovich and BTC strategy head Dylan LeClair after the firm reached 10,000 BTC in holdings.
Metaplanet aims to hold 100,000 BTC by 2026. It recently surpassed Coinbase in the ranking of public companies with the most Bitcoin. The firm has followed a strategy similar to Saylor’s, adding to its reserves during price dips.
Saylor has previously shown public support for other firms adopting Bitcoin treasury strategies. His recent post further highlights ongoing corporate activity around Bitcoin accumulation.
VanEck and Standard Chartered Warn on Corporate BTC Strategy
Despite continued purchases by companies like Strategy and Metaplanet, some financial analysts have flagged potential risks. On June 16, Matthew Sigel, head of digital assets research at VanEck, commented on the practice of funding BTC buys through equity sales.
“If the stock trades at or near NAV, continued equity issuance can dilute rather than create value,” Sigel posted on X. His message referred to the balance between a company’s BTC holdings and its total market value.
Earlier this year, Standard Chartered also warned about increased Bitcoin adoption among corporations. The bank pointed out that asset volatility may cause problems when large BTC positions are tied to public companies.
These warnings come as more firms follow the Strategy Bitcoin purchase model. Both VanEck and Standard Chartered focus on the scale of exposure and the possible effects on company valuations during market corrections.
June 16, 2025 — Bitcoin Forms Bullish Pennant Pattern on Daily Chart
On June 16, 2025, Bitcoin (BTC/USD) formed a bullish pennant pattern on the 1-day chart published on TradingView. A bullish pennant appears when price consolidates in a narrowing range following a sharp upward move, signaling potential continuation of the trend once price breaks above the upper resistance.
In this case, Bitcoin trades at $107,648. If this pattern confirms, the projected breakout target stands at approximately $127,342. This target reflects an 18 percent increase from the current price, matching the height of the previous rally before consolidation.
The candlestick structure shows higher lows and lower highs forming a symmetrical triangle. This shape follows a clear upward flagpole that started in late April and peaked in early May. The pattern sits above the 50-day Exponential Moving Average (EMA), currently positioned at $103,000. Price holding above this level supports the bullish case.
Volume has declined during the consolidation, which is typical for a pennant structure. A breakout above the upper red trendline, ideally supported by increased trading volume, would confirm the bullish continuation.
If confirmed, Bitcoin may resume its previous uptrend and reach the projected target. However, the breakout needs strong momentum to sustain the move past immediate resistance near $110,000.