Strategy Buys 950 Bitcoin After Two Week Pause in Purchases
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 repurchasing its STRC preferred stock instead of accumulating digital assets.
- Combined spending on Bitcoin and STRC transactions totaled $249.7 million, with deployable USD Cash falling nearly 20% to $1.05 billion as the company made no at-the-market offerings during the period.
- Shares of Strategy rose 7.4% to $165.2 in Monday pre-market trading; with Bitcoin trading at $84,925, the company holds an unrealized gain of approximately $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 buyback authorization and $1 billion for MSTR repurchases.
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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
After a three-week break, Strategy returned to the cryptocurrency market with a bang, purchasing 950 Bitcoins for a total of $75.7 million.
Strategy takes back purchases and acquires 950 bitcoin for $75.7 million, as well as buy back $174 million in preferred shares STRC
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