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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.
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44 Articles
44 Articles
Michael Saylor's Strategy Stopped Buying Bitcoin For 10 Weeks. Now It's Back With A $370M Purchase.
Strategy raised more than $600 million by selling common stock and also spent nearly $152 million repurchasing preferred shares as it reshapes its balance sheet.
·New York, United States
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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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Coverage Details
Total News Sources44
Leaning Left0Leaning Right1Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
14%
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