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Strategy Buys $370M Bitcoin in First Corporate Acquisition Since June
The purchase was funded by $602.8 million from common stock sales, with $151.8 million used to repurchase STRC preferred stock and boost cash reserves.
- 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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22 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’s First Corporate Bitcoin Buy Tops $370M Since June
Strategy has resumed Bitcoin purchases after a brief pause, acquiring 4,603 BTC for $370 million, according to a Monday Form 8-K filed with the U.S. Securities and Exchange Commission. The transaction raises the company’s total treasury to 845,050 BTC. In the filing, Strategy reports an average purchase price of $80,318 per Bitcoin, bringing cumulative acquisitions to $63.3 billion at an average cost of $75,413. The company funded the buy using …
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