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.
28 Articles
28 Articles
Strategy returns to bitcoin buys, adding $370 million of BTC last week
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.
Strategy Buys $370M Of Bitcoin In First Purchase Since June
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Strategy Resumes Bitcoin Buying After 10-Week Hiatus
Bitcoin treasury Strategy resumed its bitcoin buys last week, snapping up nearly $370 million in the leading cryptocurrency, according to a Monday announcement from the company. A filing with the Securities and Exchange Commission shows that Strategy bought 4,603 bitcoins for $369.7 million between August 24 to August 30. Each coin was bought at an average price of $80,318, according to the filing. The buy comes after Strategy paused its bitco…
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