Strategy Buys 950 Bitcoin for $75.7M After Two-Week Pause
Strategy added 950 Bitcoin for $75.7 million and repurchased 1.77 million STRC shares as it resumed buying after a two-week pause.
- On Monday, Strategy reported acquiring 950 BTC for $75.7 million at an average price of $79,670 per coin, according to a Form 8-K filing with the US Securities and Exchange Commission.
- Michael Saylor's Strategy resumed Bitcoin purchases after a two-week pause, during which the company prioritized STRC preferred stock repurchases over cryptocurrency acquisitions.
- Deployable USD Cash fell nearly 20% to $1.05 billion as Strategy deployed $249.7 million combined across Bitcoin and STRC transactions without issuing new shares through at-the-market offerings.
- Shares of Strategy rose 7.4% to $165.2 in Monday pre-market trading; with Bitcoin trading at $84,925, the company sits on an unrealized gain of about $8.05 billion.
- Strive also announced adding 1,355 BTC, increasing its treasury to 26,355 coins, while Strategy retains $875.1 million in STRC repurchase authorization and $1 billion for MSTR buybacks.
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Cryptocurrency News | Cryptocurrency Prices | Market CapStrategy buys 950 Bitcoin after two week pause in purchases
Strategy has resumed Bitcoin purchases after a two week pause, spending $75.7 million on 950 BTC while deploying another $174 million to repurchase its STRC preferred stock. According to a Form 8-K filing with the U.S. Securities and Exchange Commission…
After two weeks without purchases, Strategy is once again gaining access to Bitcoin. Bitmine is also expanding its ether stock further and is close to the 5-percent mark. Source: BTC-ECHO BTC-ECHO
Strategy Adds 950 BTC for $76M, Funds $174M STRC Buyback
Michael Saylor’s Strategy has resumed Bitcoin accumulation after a brief two-week pause, buying 950 BTC for $75.7 million at an average price of $79,670 per coin, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on Monday. The latest purchase lifted Strategy’s Bitcoin holdings to 846,000 BTC, acquired for roughly $63.8 [...]
Strategy Buys 950 BTC for $75.7M, First Since Late August at $79,670
TL;DR Strategy resumed its bitcoin purchases after three weeks, acquiring 950 BTC for $75.7M at an average price of $79,670 per unit. The operation was funded with the company’s USD cash reserve, which currently holds a balance of $5.04 billion. The firm now holds 846,000 BTC purchased at a total cost of $63.81 billion, equivalent ...
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