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Strategy Buys $370M Bitcoin in First Corporate Acquisition Since June
- On Monday, Strategy acquired 4,603 Bitcoin for $369.7 million, marking the company's first purchase since mid-June and raising total holdings to 845,050 BTC.
- Executive Chairman Michael Saylor signaled the resumption on Sunday by posting "We're Back" on social media, while the purchase was funded through a 602 million MSTR common stock sale.
- The company allocated remaining proceeds toward $151.8 million in STRC preferred stock repurchases and $30 million to increase its USD Cash reserve.
- Nasdaq-Traded MSTR rose 1.65% in Monday pre-market activity, while STRC stock gained 0.44% to trade at $97.33 following the announcement.
- Strategy now holds 845,050 BTC at an average purchase price of $75,412, continuing to execute its capital framework balancing Bitcoin accumulation with shareholder returns.
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38 Articles
Saylor’s Strategy Restarts Bitcoin Buying, Spending $370 Million
Strategy Inc. resumed Bitcoin purchases after a 10-week pause, returning to its signature accumulation strategy after the crypto bear market pressured its shares, weakened confidence in the financing model and prompted a balance-sheet overhaul.
·New York, United States
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Strategy (MSTR) stock gains after resuming Bitcoin purchases after 10 weeks
Shares of Michael Saylor-backed Strategy (formerly known as Microstrategy) MSTR rose in trading on Monday after the company resumed buying Bitcoin (BTC), ending a 10-week pause in acquisitions. Strategy said in an 8-K filing with the US Securities and Exchange Commission that it acquired 4,603 BTC for approximately $369.7 million between Aug. 24 and Aug. 30. The company paid an average of $80,318 per Bitcoin for the latest purchase. The acquisit…
·Road Town, Virgin Islands (British)
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Total News Sources38
Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
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