Strategy scoops $2B in Bitcoin as Iran launches BTC-backed shipping insurance

Strategy announced that it acquired 24,869 Bitcoin (BTC) for approximately $2.01 billion last week, marking one of its largest purchases in recent weeks.

Strategy funds $2 billion Bitcoin purchase through ATM stock offerings

Strategy's latest acquisition was financed through proceeds from the sale of 19.5 million of its Series A Perpetual Stretch Preferred Stock (STRC) and 430,344 of its Class A common stock (MSTR) under its at-the-market (ATM) program. The offerings generated roughly $2.03 billion in net proceeds, according to a filing with the US Securities and Exchange Commission (SEC) on Monday.

The purchase brings Strategy's total Bitcoin holdings to 843,738 BTC, accumulated at an aggregate cost of $63.8 billion, implying an average purchase price of about $75,700 per BTC.

The scale of the purchase represents the company's largest weekly accumulation since late April, when it acquired 34,164 BTC. The addition has pushed Strategy's Bitcoin yield to 12.6% so far in 2026.

Strategy's latest purchase follows a Friday SEC filing in which it indicated potential sales of portions of its Bitcoin holdings to fund a planned $1.5 billion repurchase of its 0% Convertible Senior Notes due 2029. The company said it would finance the buyback through a combination of cash reserves, equity issuance and potentially selective Bitcoin sales.

Despite outlining the possibility of BTC sales, Strategy has indicated that any such transactions would be tied to short-term capital management needs, with a broader objective of increasing total holdings over time.

Iran turns to Bitcoin for Strait of Hormuz shipping insurance

Meanwhile, Iran has introduced a Bitcoin-backed shipping insurance platform known as Hormuz Safe, aimed at vessels transiting the Strait of Hormuz, Bloomberg reported on Monday.

The platform enables insurance premiums and claims to be settled in Bitcoin and other crypto assets. Officials have projected that the initiative could generate more than $10 billion in revenue, driven by demand for coverage in the Strait of Hormuz, a critical global energy corridor through which roughly one-fifth of the world's seaborne Oil supply passes.

Iran previously hinted at similar measures in April, according to reports at the time. Officials allegedly explored a framework to charge tankers a fee of around $1 per barrel of Oil for vessels transiting the Strait of Hormuz, with payments to be potentially made in Bitcoin.

The proposal was attributed to Hamid Hosseini, a spokesperson for Iran's Oil, Gas and Petrochemical Products Exporters' Union, and would have applied to ships carrying between 500,000 and 2 million barrels of crude. 

Under the framework, shipowners would be required to submit cargo details in advance, after which authorities would determine the applicable fee, while vessels without cargo could pass without charge.

Bitcoin is trading at $76,610 at the time of publication, down 1.8% over the past 24 hours.