Michael Saylor's Strategy has purchased a staggering 10,100 BTC for $1 billion during a week of heightened tension between Israel and Iran. The acquisition was made at an average price of $104,080 per coin, as Bitcoin dipped sharply following reports of Israeli airstrikes on Iranian nuclear sites.

This marks Strategy’s second major Bitcoin purchase in June, pushing its total holdings to 592,100 BTC. The company has now invested around $41.8 billion into Bitcoin, averaging $70,666 per coin. Strategy’s aggressive accumulation comes just days after the launch of STRD, its third Bitcoin-backed preferred stock, which started trading on Nasdaq. Through STRD, Strategy plans to raise another $250 million to further increase its BTC holdings.

As part of the offering, the company is issuing 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock at $100 each. This latest financial maneuver has driven the firm’s year-to-date Bitcoin yield to 19.1%, up from 17% just a week earlier, inching closer to its revised target of 25% YTD yield by the end of 2025.

Saylor, ever vocal on X, also congratulated Japan’s Metaplanet for reaching a 10,000 BTC milestone, reinforcing his vision of a global corporate Bitcoin wave. But not everyone is cheering. Experts like VanEck’s Matthew Sigel and Standard Chartered analysts have issued warnings about the growing risks of public companies holding such large Bitcoin reserves, especially when stock valuations are tied so closely to crypto price swings.

With markets rattled and critics raising red flags, Strategy’s latest billion-dollar Bitcoin bet is once again testing the limits of corporate crypto adoption.