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Summary

Bitcoin slid sharply in the wake of U.S. and Israeli airstrikes on Iran, but U.S.-listed companies that have adopted a digital asset treasury strategy were reported to have increased their Bitcoin purchases.
Strategy said it raised more than $900 million over the past six weeks through sales of common stock and perpetual preferred stock, used the funds to buy an additional 3,015 bitcoins, and currently holds more than about 720,000 bitcoins.
ProCap Financial also bought an additional 450 bitcoins over the same period, lifting total holdings to 5,457, and said it is pursuing shareholder value initiatives such as repurchasing shares at a discount to net asset value.

Forecast Trend Report by Period

Bitcoin sank sharply in the wake of U.S. and Israeli airstrikes on Iran, yet U.S.-listed companies that have adopted a “digital asset treasury (DAT)” strategy were found to have increased their Bitcoin purchases.

According to filings with the U.S. Securities and Exchange Commission (SEC) on the 2nd (local time), Strategy (formerly MicroStrategy), led by Executive Chairman Michael Saylor, bought an additional 3,015 bitcoins between the 23rd of last month and the 1st of this month. The purchases were funded with proceeds raised through sales of common and preferred stock.

Over the past six weeks, Strategy has raised more than $900 million through sales of common stock and perpetual preferred stock and used the funds to finance Bitcoin purchases. The company currently holds more than about 720,000 bitcoins.

ProCap Financial, led by Anthony Pompliano—often dubbed a Bitcoin evangelist—also purchased an additional 450 bitcoins over the same period, bringing its total holdings to 5,457. The company is also pursuing shareholder value initiatives, including buying back its own shares at a discount to net asset value (NAV).