Exchange Notice Test

As Bitcoin tumbled sharply in the wake of U.S. and Israeli airstrikes on Iran, U.S.-listed companies that have adopted a “Digital Asset Holding Strategy (DAT)” were found to have instead made additional 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 the sale of common and preferred shares.

Over the past six weeks, Strategy secured 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 approximately 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-enhancement measures, including buying back its own shares at prices discounted to net asset value (NAV).