Crypto
Strategy returns to bitcoin buys, adding $75 million of BTC last week
It's the first week of bitcoin purchases for Strategy in about three weeks.
CoinDesk•
Strategy (MSTR$164.00·Market Closed made its first bitcoin purchase since late August, acquiring 950 BTC for $75.7 million last week at an average price of $79,670 per coin.
The purchase was funded through the sale of $80.1 million of common stock, according to a Monday morning regulatory filing. The remaining proceeds were used to repurchase $174 million of the company’s STRC preferred stock and bolster its cash reserves.
Led by Executive Chairman Michael Saylor, Strategy now holds 846,000 BTC, acquired for a total of $63.81 billion at an average price of $74,417 per coin.