Strategy Hits 848K Bitcoin as STRC Buybacks Surge
13 Articles
13 Articles
Key points of the news: Strategy acquired 334 BTC for approximately $28.7 million at an average price of $85,838.80 per bitcoin between September 28 and October 4. The company now accumulates 848,000 BTC, its historical peak, valued at about $73 billion with a profit of about $9 billion. The company now accumulates 848,000 BTC, its historical peak, valued at about $73 billion with a profit of about 9 billion. ... Read more
Strategy’s Bitcoin Portfolio Jumps To 848,000 BTC As Dip Demand Persists
Strategy (MSTR) accumulated more Bitcoin (BTC) over the past week, bringing its total acquisition to 848,000 BTC. It also continued repurchasing shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) in line with its Digital Credit framework. Meanwhile, a digital asset trading and investment firm revealed that dip-demand persists as the market transitions […]
Bitcoin rebounded to $86,970 on October 5th after Strategy acquired an additional 334 BTC worth approximately $24 million. This marks Strategy's third consecutive week of purchases, and the inflow of funds into the ETF continues. Prediction markets are strengthening their expectations that Bitcoin will recover to $100,000. The post Strategy Resumes Weekly Purchases – Prediction Markets Rise to Expectations of Bitcoin Recovering to $100,000 [Pri…
The Strategy, the world's largest cryptocurrency treasury company, announced on Monday (5) the purchase of 334 bitcoins, reaching the exact mark of 848,000 coins in cash. In addition, the company claims to have recorded gains of US$ 21 billion with its strategy, number shared by Michael Saylor. The company also continues to try to bring [...] Source: Strategy makes new purchase of Bitcoin and Michael Saylor celebrates gains of US$ 21 billion in …
Strategy Increases STRC Buybacks Spending Instead of BTC Buys
Michael Saylor’s Strategy revealed a lopsided week of capital allocation, using more than six times its usual weekly Bitcoin buying budget to repurchase shares of its STRC preferred stock. The company concurrently added to its Bitcoin treasury, though at a pace far smaller than its preferred-stock activity. In an SEC filing dated Monday, Strategy reported buying 334 Bitcoin for $28.7 million over the prior week, bringing its holdings to exactly …
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