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  • Bitcoin plunged in the wake of U.S. and Israeli strikes on Iran, yet U.S.-listed companies that have adopted DAT were reported to have added to their bitcoin holdings.
  • Strategy said it raised more than $900 million over the past six weeks through sales of common stock and perpetual preferred stock, buying an additional 3,015 bitcoin and lifting its holdings to more than roughly 720,000.
  • ProCap Financial also said it purchased an additional 450 bitcoin over the same period to bring total holdings to 5,457, while also pursuing a strategy of repurchasing shares at prices discounted to net asset value (NAV).
Photo = Shutterstock
Photo = Shutterstock

Bitcoin plunged in the wake of U.S. and Israeli strikes on Iran, yet U.S.-listed companies that have adopted a “digital asset holding strategy (DAT)” were found to have added to their bitcoin positions.

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, purchased an additional 3,015 bitcoin between the 23rd of last month and the 1st of this month. Funds raised through the sale of common and preferred stock were used for the purchases.

Over the past six weeks, Strategy has secured more than $900 million through sales of common stock and perpetual preferred stock, using the proceeds to fund bitcoin purchases. The company currently holds more than roughly 720,000 bitcoin.

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

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