MicroStrategy Boosts Bitcoin Holdings by 4,980 BTC, 19.7% YTD Yield

MicroStrategy, a prominent business intelligence firm, has expanded its Bitcoin holdings by acquiring 4,980 BTC for approximately $531.9 million. This purchase was funded through proceeds from multiple at-the-market (ATM) equity programs and dividend support. The company now holds a total of 597,325 BTC, with an average purchase price of $70,982 per coin. This acquisition underscores MicroStrategy's continued commitment to Bitcoin as a strategic asset, with a year-to-date yield of 19.7%.

In addition to MicroStrategy's significant purchase, the Blockchain Group has also increased its Bitcoin holdings. The firm acquired 60 BTC for €5.5 million, bringing its total holdings to 1,788 BTC. This acquisition was supported by equity subscriptions and multiple BTC-driven capital raises, with notable contributions from TOBAM and Adam Back. Despite a -69.3% quarter-to-date yield, the group's year-to-date performance remains robust at 1,270.7%.

Meanwhile, the Royal Government of Bhutan has been actively managing its Bitcoin treasury. On June 30, the government moved 137 BTC, worth $14.77 million, to Binance. This transfer is part of a series of transactions made over the past two months, including a significant transfer of 210.155 BTC worth $19.8 million. These consistent transfers indicate a strategic reallocation of Bhutan's Bitcoin holdings rather than idle storage.

The coordinated institutional buys and treasury expansions by MicroStrategy, the Blockchain Group, and Bhutan signal a strong momentum in Bitcoin accumulation as the third quarter begins. This trend suggests that large-scale Bitcoin accumulation is not only continuing but accelerating, setting a bullish tone for the market as July kicks off. The strategic positioning by these entities reflects a growing institutional confidence in Bitcoin as a valuable asset, potentially driving further market growth in the coming months.